Tiv Taam Holdings 1 (XTAE:TTAM) ROCE % : 9.84% (As of Mar. 2024)

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What is Tiv Taam Holdings 1 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. Tiv Taam Holdings 1's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.84%.

Tiv Taam Holdings 1 ROCE % Historical Data

The historical data trend for Tiv Taam Holdings 1'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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Tiv Taam Holdings 1 ROCE % Chart

Tiv Taam Holdings 1 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.40

14.47

16.12

13.79

9.89

Tiv Taam Holdings 1 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.68	13.70	7.25	7.82	9.84

Tiv Taam Holdings 1 ROCE % Calculation

Tiv Taam Holdings 1'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 )
	=	81.932	/	( ( (1184.287 - 384.973)	+	(1244.553 - 387.141) )	/ 2 )
	=	81.932	/	( (799.314	+	857.412)	/ 2 )
	=	81.932	/	828.363
	=	9.89 %

Tiv Taam Holdings 1's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	84.732	/	( ( (1244.553 - 387.141)	+	(1255.129 - 389.661) )	/ 2 )
	=	84.732	/	( ( 857.412	+	865.468 )	/ 2 )
	=	84.732	/	861.44
	=	9.84 %

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

Tiv Taam Holdings 1 (XTAE:TTAM) 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.

Tiv Taam Holdings 1 ROCE % Related Terms

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Tiv Taam Holdings 1 (XTAE:TTAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tiv Taam Holdings 1 Ltd (XTAE:TTAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Zvi Hanachal Street, Industrial Park, Emek Chefer, ISR, 38830

Website

http://www.tivtaam.co.il

Tiv Taam Holdings 1 Ltd distributes food products. It processes, imports and retails non-kosher food. The Company processes meats and cold cuts and retails food from its chain of supermarkets. Its processed meats include Roast beef, roast beef, roast beef, roast beef, roast beef, roast beef, roast lamb.

Tiv Taam Holdings 1 (XTAE:TTAM) Headlines

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