TOFB (Tofutti Brands) ROCE % : -23.25% (As of Sep. 2024)

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What is Tofutti Brands 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. Tofutti Brands's annualized ROCE % for the quarter that ended in Sep. 2024 was -23.25%.

Tofutti Brands ROCE % Historical Data

The historical data trend for Tofutti Brands'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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Tofutti Brands ROCE % Chart

Tofutti Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.47

18.28

4.96

-16.91

-5.92

Tofutti Brands 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															11.68	-8.20	-32.90	-2.96	-23.25

Tofutti Brands ROCE % Calculation

Tofutti Brands'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 )
	=	-0.238	/	( ( (5.517 - 1.295)	+	(4.615 - 0.793) )	/ 2 )
	=	-0.238	/	( (4.222	+	3.822)	/ 2 )
	=	-0.238	/	4.022
	=	-5.92 %

Tofutti Brands'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 )
	=	-0.828	/	( ( (3.914 - 0.41)	+	(3.91 - 0.292) )	/ 2 )
	=	-0.828	/	( ( 3.504	+	3.618 )	/ 2 )
	=	-0.828	/	3.561
	=	-23.25 %

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

Tofutti Brands (OTCPK:TOFB) 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.

Tofutti Brands ROCE % Related Terms

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Tofutti Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tofutti Brands Inc (OTCPK:TOFB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Jackson Drive, Cranford, NJ, USA, 07016

Website

https://www.tofutti.com

Tofutti Brands Inc is engaged in the development, production, and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. It offers soy-based products, plant-based, dairy vegan, frozen desserts, soy-based cheeses and spreads, and other frozen food products. The company sells its dairy-free frozen dessert products, frozen entrees, and soy-cheese products in major markets in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. It distributes all of its products by common carrier or by allowing customers to pick up products from outside storage facilities.

Executives

Efraim Mintz	director	TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07106
Joseph N Himy	director	13-01 POLLITT DRIVE, FAIR LAWN NJ 07410
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
Neal S Axelrod	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Steven Kass	officer: Chief Financial Officer	50 JACKSON DRIVE, CRANFORD NJ 07016
Philip Gotthelf	director	C/O TOFUTTI BRANDS INC., 50 JACKSON DRIVE, CRANFORD NJ 07016
Aron Forem	director	C/O WUHL SHAFMAN LIEBERMAN CO., 52-62 CORNELIA STREET, NEWARK NJ 07105
Joseph K Fischer	director	50 JACKSON DRIVE, CRANFORD NJ 7016
Franklyn H Snitow	director	575 LEXINGTON AVE, NEW YORK NY 10017
Jeremy Wiesen	director
Reuben Rapoport	director, officer: Director-Product Development
David Mintz	director, 10 percent owner, officer: President & Chairman	50 JACKSON DRIVE, CRANFORD NJ 07016