Tan Delta Systems (FRA:TB4) ROCE % : 0.00% (As of Dec. 2023)

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What is Tan Delta Systems 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. Tan Delta Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Tan Delta Systems ROCE % Historical Data

The historical data trend for Tan Delta Systems'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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Tan Delta Systems ROCE % Chart

Tan Delta Systems Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-17.87

2.54

54.41

-39.17

Tan Delta Systems Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	24.42	162.86	-251.97	-

Tan Delta Systems ROCE % Calculation

Tan Delta Systems'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 )
	=	-1.278	/	( ( (1.208 - 0.481)	+	(6.37 - 0.572) )	/ 2 )
	=	-1.278	/	( (0.727	+	5.798)	/ 2 )
	=	-1.278	/	3.2625
	=	-39.17 %

Tan Delta Systems'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	/	( ( (1.337 - 0.975)	+	(6.37 - 0.572) )	/ 2 )
	=	0	/	( ( 0.362	+	5.798 )	/ 2 )
	=	0	/	3.08
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Tan Delta Systems (FRA:TB4) 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.

Tan Delta Systems ROCE % Related Terms

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Tan Delta Systems (FRA:TB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tan Delta Systems plc (FRA:TB4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TAND:UK

Address

Church Lane, 1 Carrera Court, Dinnington, Sheffield, GBR, S25 2RG

Website

https://www.tandeltasystems.com

Tan Delta Systems plc develops advanced real-time oil analysis and analytic technologies and products with unique capabilities that enable equipment operators to significantly reduce operating costs, improve efficiency and reduce carbon footprint. It develops all its core technologies and products in-house, with manufacturing undertaken by its carefully selected manufacturing partners with whom its dedicated production QA department works. The company operates on a global scale with customers ranging from the largest engine manufacturers to small single equipment operators, from North America and Australia to Chile, India, Russia and Finland. Its products include Sensors, Kits, Display solutions, Gateways & modems and Accessories & services.

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