Transjamaican Highway (XJAM:TJH) ROCE % : 20.96% (As of Sep. 2024)

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What is Transjamaican Highway 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. Transjamaican Highway's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.96%.

Transjamaican Highway ROCE % Historical Data

The historical data trend for Transjamaican Highway'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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Transjamaican Highway ROCE % Chart

Transjamaican Highway Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

3.39

6.58

6.83

3.71

17.12

Transjamaican Highway Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												17.80	18.14	18.58	18.75	20.96

Transjamaican Highway ROCE % Calculation

Transjamaican Highway'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 )
	=	7312.095	/	( ( (45105.657 - 2580.914)	+	(45413.732 - 2525.968) )	/ 2 )
	=	7312.095	/	( (42524.743	+	42887.764)	/ 2 )
	=	7312.095	/	42706.2535
	=	17.12 %

Transjamaican Highway'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 )
	=	9003.692	/	( ( (45347.515 - 2257.498)	+	(46456.148 - 3622.548) )	/ 2 )
	=	9003.692	/	( ( 43090.017	+	42833.6 )	/ 2 )
	=	9003.692	/	42961.8085
	=	20.96 %

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

Transjamaican Highway (XJAM:TJH) 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.

Transjamaican Highway ROCE % Related Terms

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Transjamaican Highway Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Transjamaican Highway Ltd (XJAM:TJH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2 Goodwood Terrace, Kingston, JAM, 10

Website

https://www.h2k-jio.com

Transjamaican Highway Ltd is engaged in the development, operation, and maintenance of the toll road in Jamaica known as the Highway 2000 East-West.

Transjamaican Highway Headlines

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