Titan Machinery (Titan Machinery) ROCE % : 21.38% (As of Jan. 2024)

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What is Titan Machinery 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. Titan Machinery's annualized ROCE % for the quarter that ended in Jan. 2024 was 21.38%.

Titan Machinery ROCE % Historical Data

The historical data trend for Titan Machinery'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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Titan Machinery ROCE % Chart

Titan Machinery Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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5.73

7.75

17.31

22.52

22.50

Titan Machinery Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															15.31	21.58	24.87	24.60	21.38

Titan Machinery ROCE % Calculation

Titan Machinery's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	172.145	/	( ( (1188.695 - 498.151)	+	(1992.261 - 1152.401) )	/ 2 )
	=	172.145	/	( (690.544	+	839.86)	/ 2 )
	=	172.145	/	765.202
	=	22.50 %

Titan Machinery's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	171.52	/	( ( (1649.738 - 885.404)	+	(1992.261 - 1152.401) )	/ 2 )
	=	171.52	/	( ( 764.334	+	839.86 )	/ 2 )
	=	171.52	/	802.097
	=	21.38 %

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

Titan Machinery (NAS:TITN) 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.

Titan Machinery ROCE % Related Terms

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Titan Machinery (Titan Machinery) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Titan Machinery Inc (NAS:TITN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3TY:Germany

Address

644 East Beaton Drive, West Fargo, ND, USA, 58078-2648

Website

https://www.titanmachinery.com

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.

Executives

Stan K. Erickson	director	10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson	director
David Joseph Meyer	director, officer: Chairman and CEO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson	officer: Chief Operating Officer	C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda	officer: Chief Financial Officer	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton	director	225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner	director	C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack	director	9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie	director	644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson	director, officer: President and CFO	644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin	director	10543 EAST MARK LANE, SCOTTSDALE AZ 85262