TOBAF (TAAT Global Alternatives) ROCE %: 99.74% (As of Jul. 2024)


TOBAF TAAT Global Alternatives Inc TOBAF
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What is TAAT Global Alternatives ROCE %?

TAAT Global Alternatives TOBAF 10 ROCE % is 99.74% as of Jul. 2024. GuruFocus rates TOBAF with a GF Score™ of 10/100.

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. TAAT Global Alternatives's annualized ROCE % for the quarter that ended in Jul. 2024 was 99.74%.

TAAT Global Alternatives  (OTCPK:TOBAF) 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.

TAAT Global Alternatives ROCE % Related Terms

TAAT Global Alternatives ROCE % Historical Data

* Premium members only.

The historical data trend for TAAT Global Alternatives'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.

TAAT Global Alternatives ROCE % Chart

TAAT Global Alternatives Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -169.99 -212.02 -147.02 -135.51

TAAT Global Alternatives Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -285.22 -199.67 -261.34 670.03 99.74
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TAAT Global Alternatives ROCE % Calculation

TAAT Global Alternatives's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=-7.477/( ( (13.577 - 4.405) + (9.789 - 7.926) )/ 2 )
=-7.477/( (9.172+1.863)/ 2 )
=-7.477/5.5175
=-135.51 %

TAAT Global Alternatives's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=0.384/( ( (7.667 - 7.244) + (7.746 - 7.399) )/ 2 )
=0.384/( ( 0.423 + 0.347 )/ 2 )
=0.384/0.385
=99.74 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 99.74% mean?
TAAT Global Alternatives (TOBAF) has a ROCE % of 99.74% as of Jul. 2024.
Is TAAT Global Alternatives' ROCE % too high?
TAAT Global Alternatives' current ROCE % is 99.74%. The Tobacco Products industry median ROCE % is 17.46. TAAT Global Alternatives' value of 99.74% is 471.2% above this industry median. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does TAAT Global Alternatives' ROCE % compare to VPRB and XXII?
TAAT Global Alternatives' ROCE % of 99.74% can be compared against companies in the Tobacco Products industry. The industry median ROCE % is 17.46. TAAT Global Alternatives' value of 99.74% is 471.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Tobacco Products company?
The median ROCE % among Tobacco Products companies is 17.46, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TAAT Global Alternatives's current ROCE % of 99.74% is 471.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Tobacco Products industry, the median ROCE % is 17.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAAT Global Alternatives's current ROCE % is 99.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAAT Global Alternatives stock overvalued right now?
TAAT Global Alternatives (TOBAF) has a current ROCE % of 99.74%. The current ROCE % is 99.74% and 471.2% above the Tobacco Products industry median of 17.46. TAAT Global Alternatives' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For TAAT Global Alternatives (TOBAF), the current ROCE % is 99.74% as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TAAT Global Alternatives Business Description

Address 1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.
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