TWC Enterprises (TSX:TWC) ROCE % : 33.04% (As of Sep. 2024)

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What is TWC Enterprises 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. TWC Enterprises's annualized ROCE % for the quarter that ended in Sep. 2024 was 33.04%.

TWC Enterprises ROCE % Historical Data

The historical data trend for TWC Enterprises'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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TWC Enterprises ROCE % Chart

TWC Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.90

-0.93

17.19

5.55

5.22

TWC Enterprises 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															14.47	5.93	-	3.74	33.04

TWC Enterprises ROCE % Calculation

TWC Enterprises'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 )
	=	33.675	/	( ( (727.343 - 82.278)	+	(702.076 - 56.748) )	/ 2 )
	=	33.675	/	( (645.065	+	645.328)	/ 2 )
	=	33.675	/	645.1965
	=	5.22 %

TWC Enterprises'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 )
	=	212.872	/	( ( (709.239 - 87.915)	+	(732.384 - 65.02) )	/ 2 )
	=	212.872	/	( ( 621.324	+	667.364 )	/ 2 )
	=	212.872	/	644.344
	=	33.04 %

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

TWC Enterprises (TSX:TWC) 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.

TWC Enterprises ROCE % Related Terms

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TWC Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TWC Enterprises Ltd (TSX:TWC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLKXF:USA

Address

15675 Dufferin Street, King City, ON, CAN, L7B 1K5

Website

https://www.twcenterprises.ca

TWC Enterprises Ltd is a leisure services provider in Canada. Its core business is Golf club operations under the brand name ClubLink One Membership More Golf. The company's geographical segment includes Canadian golf club operations and United States golf club operations. It generates maximum revenue from the Canadian golf club operation segment.

Executives

Kuldip Rai Sahi	10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Andrew Tamlin	Senior Officer
Johannes Lokker	Director