TFRFF (Tefron) ROCE % : 33.03% (As of Sep. 2024)

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What is Tefron 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. Tefron's annualized ROCE % for the quarter that ended in Sep. 2024 was 33.03%.

Tefron ROCE % Historical Data

The historical data trend for Tefron'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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Tefron ROCE % Chart

Tefron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.22

21.38

36.40

22.39

26.78

Tefron 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															30.90	18.85	36.47	33.65	33.03

Tefron ROCE % Calculation

Tefron'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 )
	=	18.976	/	( ( (155.238 - 92.818)	+	(140.844 - 61.56) )	/ 2 )
	=	18.976	/	( (62.42	+	79.284)	/ 2 )
	=	18.976	/	70.852
	=	26.78 %

Tefron'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 )
	=	27.476	/	( ( (152.924 - 73.245)	+	(151.52 - 64.816) )	/ 2 )
	=	27.476	/	( ( 79.679	+	86.704 )	/ 2 )
	=	27.476	/	83.1915
	=	33.03 %

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

Tefron (OTCPK:TFRFF) 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.

Tefron ROCE % Related Terms

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Tefron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tefron Ltd (OTCPK:TFRFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TFRLF:Israel

Address

Industrial Center Misgav, P.O. Box 1365, Misgav, ISR, 1365

Website

http://www.tefron.com

Tefron Ltd, along with its subsidiaries, is engaged in the development, production, marketing and sale of intimate apparel, and activewear. It also focuses on selling leisurewear. The company operates in two business segments namely Brands and Retail. The Retail business segment generates maximum revenue for the company. Geographically, the company sell its products in North America, Europe and Israel, of which key revenue is derived from North America.

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