Tornado Infrastructure Equipment (FRA:2FT0) ROCE % : 29.57% (As of Sep. 2024)

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What is Tornado Infrastructure Equipment ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Tornado Infrastructure Equipment's annualized ROCE % for the quarter that ended in Sep. 2024 was 29.57%.

Tornado Infrastructure Equipment ROCE % Historical Data

The historical data trend for Tornado Infrastructure Equipment's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tornado Infrastructure Equipment ROCE % Chart

Tornado Infrastructure Equipment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.99

-3.22

-19.40

15.37

41.12

Tornado Infrastructure Equipment Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															22.94	92.31	42.80	40.22	29.57

Tornado Infrastructure Equipment ROCE % Calculation

Tornado Infrastructure Equipment's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7.014	/	( ( (28.146 - 13.834)	+	(32.263 - 12.461) )	/ 2 )
	=	7.014	/	( (14.312	+	19.802)	/ 2 )
	=	7.014	/	17.057
	=	41.12 %

Tornado Infrastructure Equipment's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	7.208	/	( ( (39.229 - 15.386)	+	(39.304 - 14.39) )	/ 2 )
	=	7.208	/	( ( 23.843	+	24.914 )	/ 2 )
	=	7.208	/	24.3785
	=	29.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Tornado Infrastructure Equipment (FRA:2FT0) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Tornado Infrastructure Equipment ROCE % Related Terms

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Tornado Infrastructure Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Infrastructure Equipment Ltd (FRA:2FT0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TGHLF:USA 2FT0:Germany TGH:Canada

Address

300 – 5th Avenue South West, Suite 1800, Calgary, AB, CAN, T2P 3C4

Website

https://www.tornadotrucks.com

Tornado Infrastructure Equipment Ltd is a truck manufacturer. It designs and manufactures hydrovac trucks as well as provides heavy-duty truck maintenance operations in central Alberta. The group sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Its brands for parts include CatPumps, Ripsaw, Kenworth, and others.

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