Torrent Capital (TSXV:TORR) ROCE % : 38.25% (As of Sep. 2024)

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What is Torrent Capital 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. Torrent Capital's annualized ROCE % for the quarter that ended in Sep. 2024 was 38.25%.

Torrent Capital ROCE % Historical Data

The historical data trend for Torrent Capital'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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Torrent Capital ROCE % Chart

Torrent Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.85

62.33

5.84

-29.37

-35.17

Torrent Capital 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															-28.33	-29.16	50.38	-35.92	38.25

Torrent Capital ROCE % Calculation

Torrent Capital'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 )
	=	-6.647	/	( ( (22.378 - 0.249)	+	(16.052 - 0.38) )	/ 2 )
	=	-6.647	/	( (22.129	+	15.672)	/ 2 )
	=	-6.647	/	18.9005
	=	-35.17 %

Torrent Capital'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 )
	=	6.476	/	( ( (16.557 - 0.406)	+	(18.165 - 0.452) )	/ 2 )
	=	6.476	/	( ( 16.151	+	17.713 )	/ 2 )
	=	6.476	/	16.932
	=	38.25 %

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

Torrent Capital (TSXV:TORR) 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.

Torrent Capital ROCE % Related Terms

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Torrent Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Torrent Capital Ltd (TSXV:TORR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TRRPF:USA 0MLA:Germany

Address

1969 Upper Water Street, Suite 2001, Purdy’s Wharf II, Halifax, NS, CAN, B3J 3R7

Website

https://www.torrentcapital.ca

Torrent Capital Ltd is a company that focuses on strategic investments in public and private company securities.

Executives

William Carl Sheppard	Director
Wade K. Dawe	Senior Officer
R. Wayne Myles	Director
Glynn David Fisher	10% Security Holder
Carl Hansen	Director
Harold James (jim) Megann	Director
George Armoyan	10% Security Holder
Sime Armoyan	10% Security Holder

Torrent Capital Headlines

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