TravelCenters Of America (STU:T8A1) ROCE % : 0.07% (As of Mar. 2023)

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What is TravelCenters Of America 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. TravelCenters Of America's annualized ROCE % for the quarter that ended in Mar. 2023 was 0.07%.

TravelCenters Of America ROCE % Historical Data

The historical data trend for TravelCenters Of America'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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TravelCenters Of America ROCE % Chart

TravelCenters Of America Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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2.06

3.34

0.31

4.23

8.77

TravelCenters Of America Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															4.43	12.96	7.97	8.96	0.07

TravelCenters Of America ROCE % Calculation

TravelCenters Of America's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	243.032	/	( ( (3105.023 - 459.561)	+	(3448.344 - 550.965) )	/ 2 )
	=	243.032	/	( (2645.462	+	2897.379)	/ 2 )
	=	243.032	/	2771.4205
	=	8.77 %

TravelCenters Of America's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	2.064	/	( ( (3448.344 - 550.965)	+	(3341.092 - 505.385) )	/ 2 )
	=	2.064	/	( ( 2897.379	+	2835.707 )	/ 2 )
	=	2.064	/	2866.543
	=	0.07 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

TravelCenters Of America (STU:T8A1) 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.

TravelCenters Of America ROCE % Related Terms

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TravelCenters Of America (STU:T8A1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TravelCenters Of America Inc (STU:T8A1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

24601 Center Ridge Road, Suite 200, Westlake, OH, USA, 44145-5639

Website

https://www.ta-petro.com

TravelCenters Of America Inc is a United states based company which operates travel centers and standalone restaurants. It operated or franchised several travel centers, few standalone truck service facilities, and some standalone restaurants. The company's customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists and casual diners. It generates revenue from fuel operations, non-fuel operations, rents, royalties and other fees from tenants and franchisees.

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