Tortilla Mexican Grill (LSE:MEX) ROCE % : 2.53% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Tortilla Mexican Grill 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. Tortilla Mexican Grill's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.53%.

Tortilla Mexican Grill ROCE % Historical Data

The historical data trend for Tortilla Mexican Grill'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.

* Premium members only.

Tortilla Mexican Grill ROCE % Chart

Tortilla Mexican Grill Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

0.65

-1.04

10.98

1.53

1.95

Tortilla Mexican Grill Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					1.98	5.32	-2.07	1.36	2.53

Tortilla Mexican Grill ROCE % Calculation

Tortilla Mexican Grill's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	0.716	/	( ( (52.355 - 14.724)	+	(51.406 - 15.42) )	/ 2 )
	=	0.716	/	( (37.631	+	35.986)	/ 2 )
	=	0.716	/	36.8085
	=	1.95 %

Tortilla Mexican Grill's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	0.924	/	( ( (52.019 - 15.097)	+	(51.406 - 15.42) )	/ 2 )
	=	0.924	/	( ( 36.922	+	35.986 )	/ 2 )
	=	0.924	/	36.454
	=	2.53 %

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

Tortilla Mexican Grill (LSE:MEX) 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.

Tortilla Mexican Grill ROCE % Related Terms

Thank you for viewing the detailed overview of Tortilla Mexican Grill's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tortilla Mexican Grill (LSE:MEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tortilla Mexican Grill PLC (LSE:MEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

73D:Germany

Address

142-144 New Cavendish Street, 1st Floor, Evelyn House, London, GBR, W1W 6YF

Website

https://www.tortilla.co.uk

Tortilla Mexican Grill PLC is a casual Mexican restaurant group in the UK specialising in the sale both on-site and through its delivery channel of freshly made Californian inspired Mexican cuisine.

Tortilla Mexican Grill (LSE:MEX) Headlines

No Headlines