Time Finance (FRA:B5D1) ROCE % : 4.60% (As of Nov. 2023)

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What is Time Finance 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. Time Finance's annualized ROCE % for the quarter that ended in Nov. 2023 was 4.60%.

Time Finance ROCE % Historical Data

The historical data trend for Time Finance'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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Time Finance ROCE % Chart

Time Finance Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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9.60

2.58

1.73

3.88

Time Finance Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
ROCE %	Get a 7-Day Free Trial															2.77	0.76	3.91	3.90	4.60

Time Finance ROCE % Calculation

Time Finance's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	4.86	/	( ( (180.391 - 63.4)	+	(210.98 - 77.466) )	/ 2 )
	=	4.86	/	( (116.991	+	133.514)	/ 2 )
	=	4.86	/	125.2525
	=	3.88 %

Time Finance'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: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	6.366	/	( ( (210.98 - 77.466)	+	(220.872 - 77.39) )	/ 2 )
	=	6.366	/	( ( 133.514	+	143.482 )	/ 2 )
	=	6.366	/	138.498
	=	4.60 %

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

Time Finance (FRA:B5D1) 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.

Time Finance ROCE % Related Terms

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Time Finance (FRA:B5D1) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Time Finance PLC (FRA:B5D1) » Definitions » ROCE %

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TIME:UK

Address

The Square, Lower Bristol Road, St James House, Bath, GBR, BA2 3BH

Website

https://www.timefinance.com

Time Finance PLC is a part of the financial services domain in the United Kingdom. The company's principal business involves the provision of financial services to SMEs (small and medium sized enterprises) in the United Kingdom. The company operates in Asset Finance, Vehicle Finance, Loan Finance, and Invoice Finance. It generates most of the revenue from the Asset Finance division.

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