Taiga Building Products (TSX:TBL) ROCE % : 14.96% (As of Mar. 2024)

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What is Taiga Building Products 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. Taiga Building Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.96%.

Taiga Building Products ROCE % Historical Data

The historical data trend for Taiga Building Products'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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Taiga Building Products ROCE % Chart

Taiga Building Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.64

35.26

37.66

30.26

17.08

Taiga Building Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.65	20.67	20.49	9.24	14.96

Taiga Building Products ROCE % Calculation

Taiga Building Products'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 )
	=	81.755	/	( ( (617.832 - 153.397)	+	(624.29 - 131.653) )	/ 2 )
	=	81.755	/	( (464.435	+	492.637)	/ 2 )
	=	81.755	/	478.536
	=	17.08 %

Taiga Building Products's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	74.888	/	( ( (624.29 - 131.653)	+	(643.284 - 134.47) )	/ 2 )
	=	74.888	/	( ( 492.637	+	508.814 )	/ 2 )
	=	74.888	/	500.7255
	=	14.96 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Taiga Building Products (TSX:TBL) 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.

Taiga Building Products ROCE % Related Terms

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Taiga Building Products (TSX:TBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiga Building Products Ltd (TSX:TBL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TGAFF:USA 4T7:Germany

Address

4710 Kingsway, Suite 800, Burnaby, BC, CAN, V5H 4M2

Website

https://www.taigabuilding.com

Taiga Building Products Ltd is a Canadian-based company. It is engaged in the production and wholesale distribution of building products. Its products range includes composite decking, engineered wood, flooring, insulation, lumber, modulings, panels, polyethylene, preserved wood, roofing, and siding. It also offers distribution logistics and treating plants services. Taiga is a global exporter with the majority of the revenue generated from Canada followed by the United States.

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