Titanium Transportation Group (TSX:TTNM) ROCE % : 10.40% (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Titanium Transportation Group 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. Titanium Transportation Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.40%.

Titanium Transportation Group ROCE % Historical Data

The historical data trend for Titanium Transportation Group'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.

* Premium members only.

Titanium Transportation Group ROCE % Chart

Titanium Transportation Group Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.70

11.56

8.94

22.70

10.42

Titanium Transportation Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.65	12.95	12.26	6.48	10.40

Titanium Transportation Group ROCE % Calculation

Titanium Transportation Group'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 )
	=	23.905	/	( ( (281.142 - 79.452)	+	(355.995 - 98.689) )	/ 2 )
	=	23.905	/	( (201.69	+	257.306)	/ 2 )
	=	23.905	/	229.498
	=	10.42 %

Titanium Transportation Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	26.768	/	( ( (363.68 - 106.059)	+	(355.995 - 98.689) )	/ 2 )
	=	26.768	/	( ( 257.621	+	257.306 )	/ 2 )
	=	26.768	/	257.4635
	=	10.40 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Titanium Transportation Group (TSX:TTNM) 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.

Titanium Transportation Group ROCE % Related Terms

Thank you for viewing the detailed overview of Titanium Transportation Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Titanium Transportation Group (TSX:TTNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Titanium Transportation Group Inc (TSX:TTNM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TTNMF:USA

Address

32 Simpson Road, Bolton, ON, CAN, L7E 1G9

Website

https://www.ttgi.com

Titanium Transportation Group Inc is assets-based transportation and logistics firm that provides services like truckload, dedicated, cross-border trucking services, freight logistics, warehousing, and distribution. The company operating segments namely, the Truck Transportation segment represents the pickup and delivery of full loads across Canada and the United States using a closed van, flatbed or other specialized equipment, and the logistics segment represents the brokering of freight across North America. Most of its revenue is earned through the Truck transportation segment. The group has a business presence in Canada and the United States.

Executives

Vic De Zen

Director or Senior Officer of 10% Security Holder

Titanium Transportation Group (TSX:TTNM) Headlines

No Headlines