TAL Education Group (TAL Education Group) ROCE % : -3.43% (As of Nov. 2023)

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What is TAL Education Group 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. TAL Education Group's annualized ROCE % for the quarter that ended in Nov. 2023 was -3.43%.

TAL Education Group ROCE % Historical Data

The historical data trend for TAL Education Group'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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TAL Education Group ROCE % Chart

TAL Education Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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21.23

-1.23

-3.32

-11.92

-2.70

TAL Education Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-3.34	-6.47	-6.01	3.40	-3.43

TAL Education Group ROCE % Calculation

TAL Education Group's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-109.719	/	( ( (5082.528 - 902.584)	+	(4724.354 - 783.865) )	/ 2 )
	=	-109.719	/	( (4179.944	+	3940.489)	/ 2 )
	=	-109.719	/	4060.2165
	=	-2.70 %

TAL Education Group's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-128.74	/	( ( (4582.413 - 861.767)	+	(4913.323 - 1131.218) )	/ 2 )
	=	-128.74	/	( ( 3720.646	+	3782.105 )	/ 2 )
	=	-128.74	/	3751.3755
	=	-3.43 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

TAL Education Group (NYSE:TAL) 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.

TAL Education Group ROCE % Related Terms

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TAL Education Group (TAL Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TAL Education Group (NYSE:TAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TAL:Mexico 0A2X:UK IZZ:Germany IZZ:Germany T1AL34:Brazil

Address

Xiaoying West Street, 5th Floor, Tower B, Heying Center, Haidian District, Beijing, CHN, 100085

Website

http://www.100tal.com

TAL Education Group is a smart learning solutions provider in China. K-9 academic afterschool tutoring used to account for the majority of TAL's revenue before the regulatory changes in 2021 that imposed a nonprofit requirement on the business. After spinning off its K-9 academic afterschool tutoring business, TAL realigned its focus toward enrichment learning, content solutions, and learning technology solutions.