Tatton Asset Management (LSE:TAM) ROCE % : 35.68% (As of Sep. 2023)

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What is Tatton Asset Management 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. Tatton Asset Management's annualized ROCE % for the quarter that ended in Sep. 2023 was 35.68%.

Tatton Asset Management ROCE % Historical Data

The historical data trend for Tatton Asset Management'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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Tatton Asset Management ROCE % Chart

Tatton Asset Management Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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42.35

60.92

34.49

39.59

42.70

Tatton Asset Management Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial												35.44	41.27	36.80	45.30	35.68

Tatton Asset Management ROCE % Calculation

Tatton Asset Management'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 )
	=	16.616	/	( ( (41.347 - 7.556)	+	(51.946 - 7.911) )	/ 2 )
	=	16.616	/	( (33.791	+	44.035)	/ 2 )
	=	16.616	/	38.913
	=	42.70 %

Tatton Asset Management'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 )
	=	15.466	/	( ( (51.946 - 7.911)	+	(50.664 - 8.013) )	/ 2 )
	=	15.466	/	( ( 44.035	+	42.651 )	/ 2 )
	=	15.466	/	43.343
	=	35.68 %

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

Tatton Asset Management (LSE:TAM) 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.

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Tatton Asset Management (LSE:TAM) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tatton Asset Management PLC (LSE:TAM) » Definitions » ROCE %

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Address

Paradigm House, Lower Meadow Road, Brooke Court, Handforth, Wilmslow, Cheshire, GBR, SK9 3ND

Website

https://www.tattonassetmanagement.com

Tatton Asset Management PLC offers on-platform only discretionary fund management, regulatory, compliance, and business consulting services, as well as a whole of market mortgage provision, to directly authorized financial advisers across the United Kingdom. The company's business segments include Tatton and Paradigm, with the maximum revenue derived from the Tatton segment.

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