Tam Jai International Co (HKSE:02217) ROCE % : 11.02% (As of Sep. 2023)

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What is Tam Jai International Co 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. Tam Jai International Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.02%.

Tam Jai International Co ROCE % Historical Data

The historical data trend for Tam Jai International Co'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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Tam Jai International Co ROCE % Chart

Tam Jai International Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

39.93

36.76

42.68

18.08

9.65

Tam Jai International Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial				43.46	12.25	11.06	8.36	11.02

Tam Jai International Co ROCE % Calculation

Tam Jai International Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	194.952	/	( ( (2568.747 - 572.33)	+	(2675.007 - 630.534) )	/ 2 )
	=	194.952	/	( (1996.417	+	2044.473)	/ 2 )
	=	194.952	/	2020.445
	=	9.65 %

Tam Jai International Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	225.258	/	( ( (2675.007 - 630.534)	+	(2695.431 - 650.144) )	/ 2 )
	=	225.258	/	( ( 2044.473	+	2045.287 )	/ 2 )
	=	225.258	/	2044.88
	=	11.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Tam Jai International Co (HKSE:02217) 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.

Tam Jai International Co ROCE % Related Terms

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Tam Jai International Co (HKSE:02217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tam Jai International Co Ltd (HKSE:02217) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

29S:Germany

Address

No. 9 Cheung Yee Street, 8th Floor of D2 Place ONE, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.tamjai-intl.com

Tam Jai International Co Ltd is a chain restaurant operator for fast casual restaurant chains, with operations in Mainland China and Singapore. It generates maximum revenue from Hong Kong.

Tam Jai International Co (HKSE:02217) Headlines

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