Tharisa (JSE:THA) ROCE % : 10.67% (As of Sep. 2023)

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What is Tharisa 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. Tharisa's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.67%.

Tharisa ROCE % Historical Data

The historical data trend for Tharisa'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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Tharisa ROCE % Chart

Tharisa Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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5.59

23.66

37.01

35.56

15.09

Tharisa Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															29.47	37.01	26.80	18.93	10.67

Tharisa ROCE % Calculation

Tharisa's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	2303.214	/	( ( (16776.829 - 2963.483)	+	(20635.516 - 3927.645) )	/ 2 )
	=	2303.214	/	( (13813.346	+	16707.871)	/ 2 )
	=	2303.214	/	15260.6085
	=	15.09 %

Tharisa'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 )
	=	1721.062	/	( ( (18704.228 - 3162.856)	+	(20635.516 - 3927.645) )	/ 2 )
	=	1721.062	/	( ( 15541.372	+	16707.871 )	/ 2 )
	=	1721.062	/	16124.6215
	=	10.67 %

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

Tharisa (JSE:THA) 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.

Tharisa ROCE % Related Terms

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Tharisa (JSE:THA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tharisa PLC (JSE:THA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

THS:UK 7YZ:Germany

Address

17 Neophytou Nicolaides and Kilkis Street, Offices 108-110, Sofoklis Pittokopitis Business Centre, Paphos, CYP, 8011

Website

https://www.tharisa.com

Tharisa PLC operates in the mining industry. The company is engaged in mining, producing, selling, and distributing platinum group metals and chrome concentrates at a low cost. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company's operating segments include PGM; Chrome; Agency and trading and Manufacturing. The PGM segment principally generates revenue from the sale of PGM concentrates. Geographically, majority of revenue is generated from south Africa.

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