Tiffany (Tiffany) ROCE % : 11.36% (As of Oct. 2020)

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What is Tiffany 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. Tiffany's annualized ROCE % for the quarter that ended in Oct. 2020 was 11.36%.

Tiffany ROCE % Historical Data

The historical data trend for Tiffany'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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Tiffany ROCE % Chart

Tiffany Annual Data

Trend

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

ROCE %

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17.03

16.32

17.43

16.74

14.15

Tiffany Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
ROCE %	Get a 7-Day Free Trial															8.45	19.32	-5.73	4.37	11.36

Tiffany ROCE % Calculation

Tiffany's annualized ROCE % for the fiscal year that ended in Jan. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2020 )		(A: Jan. 2019 )		(A: Jan. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2020 )		(A: Jan. 2019 )		(A: Jan. 2020 )
	=	728.8	/	( ( (5333 - 718.1)	+	(6660.1 - 970.4) )	/ 2 )
	=	728.8	/	( (4614.9	+	5689.7)	/ 2 )
	=	728.8	/	5152.3
	=	14.15 %

Tiffany's ROCE % of for the quarter that ended in Oct. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2020 )		(Q: Jul. 2020 )		(Q: Oct. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2020 )		(Q: Jul. 2020 )		(Q: Oct. 2020 )
	=	637.2	/	( ( (6856.3 - 1277.6)	+	(6935.3 - 1299.8) )	/ 2 )
	=	637.2	/	( ( 5578.7	+	5635.5 )	/ 2 )
	=	637.2	/	5607.1
	=	11.36 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2020) EBIT data.

Tiffany (NYSE:TIF) 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.

Tiffany ROCE % Related Terms

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Tiffany (Tiffany) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tiffany & Co (NYSE:TIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Fifth Avenue, New York, NY, USA, 10010

Website

https://www.tiffany.com

Tiffany is a monobrand jeweler with a 180-year history. It is vertically integrated, with around 60% of jewellery produced internally. Tiffany is present in over 20 countries globally, with over 300 own stores. Its biggest market is its home market, the U.S.; however, Europe and Asia-Pacific have shown the strongest growth in recent years. Engagement jewellery contributes 26% of sales, the remainder being designer jewellery and other collections.

Executives

Alessandro Bogliolo	director, officer: Chief Executive Officer	727 FIFTH AVENUE, NEW YORK NY 10022
Gretchen Koback-pursel	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Andrea Davey	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Philippe Galtie	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Leigh M. Harlan	officer: SENIOR VICE PRESIDENT	200 FIFTH AVENUE NEW YORK NY 10010
Mark J Erceg	officer: Principal Financial Officer	248 E. SKYLINE DRIVE, WASHINGTON UT 84780
Andrew W. Hart	officer: SENIOR VICE PRESIDENT	TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022
Daniella Vitale	officer: Executive Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Francesco Trapani	director	727 FIFTH AVENUE NEW YORK NY 10022
Abby F Kohnstamm	director	C/O TIFFANY & CO., CORP. SECRETARY'S DEPT., 600 MADISON AV, NEW YORK NY 10022
Hafize Gaye Erkan	director	727 FIFTH AVENUE, NEW YORK NY 10022
Hudis Jane Hertzmark	director	C/O THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Lawrence K Fish	director	ONE CITIZENS PLAZA, PROVIDENCE RI 02903
William A Shutzer	director	C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022
Pamela H Cloud	officer: Senior Vice President	TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022