TSL (XZIM:TSL.ZW) ROCE % : 8.82% (As of Oct. 2024)

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What is TSL 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. TSL's annualized ROCE % for the quarter that ended in Oct. 2024 was 8.82%.

TSL ROCE % Historical Data

The historical data trend for TSL'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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TSL ROCE % Chart

TSL Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

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20.67

22.85

64.95

TSL Semi-Annual Data
	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial															132.85	0.01	-	0.01	8.82

TSL ROCE % Calculation

TSL's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	225.461	/	( ( (11834307.521 - 2419845.555)	+	(2403.035 - 439.002) )	/ 2 )
	=	225.461	/	( (9414461.966	+	1964.033)	/ 2 )
	=	225.461	/	4708212.9995
	=	0.00 %

TSL's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	177.916	/	( ( (2507.555 - 434.984)	+	(2403.035 - 439.002) )	/ 2 )
	=	177.916	/	( ( 2072.571	+	1964.033 )	/ 2 )
	=	177.916	/	2018.302
	=	8.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2024) EBIT data.

TSL (XZIM:TSL.ZW) 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.

TSL ROCE % Related Terms

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TSL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » TSL Ltd (XZIM:TSL.ZW) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

28 Simon Mazorodze Road, Southerton, Harare, ZWE

Website

https://www.tsl.co.zw

TSL Ltd provides agricultural inputs (fertilizer, chemicals, and packaging), farming, end-to-end logistics solutions, commodity marketing platforms, and industrial real estate. It has four reportable segments namely, the Logistics cluster offers end-to-end logistics services including warehousing and storage facilities, inland terminal and port services, transport, vehicle rental, distribution, and customs clearing. The Agriculture cluster is involved in the auctioning, packaging, production, and retailing of agricultural commodities. The Real estate cluster is involved in the rental and development of industrial properties. The Services cluster provides group activities and shared services in finance and treasury, human resources, procurement, and information technology.

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