Tennant Co (STU:TN1) ROCE % : 12.91% (As of Sep. 2024)

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What is Tennant Co 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. Tennant Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.91%.

Tennant Co ROCE % Historical Data

The historical data trend for Tennant Co'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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Tennant Co ROCE % Chart

Tennant Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.48

6.92

10.57

11.20

16.27

Tennant Co 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															16.07	11.72	17.31	17.67	12.91

Tennant Co ROCE % Calculation

Tennant Co'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 )
	=	125.904	/	( ( (1024.334 - 246.95)	+	(1020.988 - 250.983) )	/ 2 )
	=	125.904	/	( (777.384	+	770.005)	/ 2 )
	=	125.904	/	773.6945
	=	16.27 %

Tennant Co'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 )
	=	108.84	/	( ( (1084.608 - 247.3)	+	(1095.706 - 246.424) )	/ 2 )
	=	108.84	/	( ( 837.308	+	849.282 )	/ 2 )
	=	108.84	/	843.295
	=	12.91 %

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

Tennant Co (STU:TN1) 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.

Tennant Co ROCE % Related Terms

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Tennant Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tennant Co (STU:TN1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TNC:USA TN1:Germany

Address

10400 Clean Street, Eden Prairie, MN, USA, 55344

Website

https://www.tennantco.com

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

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