Turnall Holdings (XZIM:TURN.ZW) ROCE % : -8.73% (As of Jun. 2024)

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What is Turnall Holdings 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. Turnall Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -8.73%.

Turnall Holdings ROCE % Historical Data

The historical data trend for Turnall Holdings'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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Turnall Holdings ROCE % Chart

Turnall Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-62.99

9.10

5.96

15.65

37.88

Turnall Holdings Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun23	Jun24
ROCE %	Get a 7-Day Free Trial														29.70	26.85	47.58	-4.67	-8.73

Turnall Holdings ROCE % Calculation

Turnall Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	222.881	/	( ( (913.181 - 478.407)	+	(985.036 - 243.063) )	/ 2 )
	=	222.881	/	( (434.774	+	741.973)	/ 2 )
	=	222.881	/	588.3735
	=	37.88 %

Turnall Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	-65.234	/	( ( (0 - 0)	+	(978.362 - 231.324) )	/ 1 )
	=	-65.234	/	( ( 0	+	747.038 )	/ 1 )
	=	-65.234	/	747.038
	=	-8.73 %

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

Turnall Holdings (XZIM:TURN.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.

Turnall Holdings ROCE % Related Terms

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Turnall Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Turnall Holdings Ltd (XZIM:TURN.ZW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Glasgow Road, Workington, P.O. Box 3985, Southerton, Harare, ZWE

Website

https://www.turnall.co.zw

Turnall Holdings Ltd is a Zimbabwe-based company, which is engaged in the production of building and construction materials comprising corrugated sheeting, flat sheets, pressure pipes, sewer pipes, concrete roofing tiles, and related accessories. It operates through segments, which include Building Products, Piping products, Concrete tiles, and Construction. The Building Products segment which earns the majority of revenue is engaged in the production of roofing sheets, flat sheets, and molded goods. Its Piping products segment is engaged in the production of water and sewer reticulation pipes. The Concrete tile segment is engaged in the production of concrete roofing products. Geographically, it derives maximum revenue from Zimbabwe.

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