TiVo (TIVO) ROCE % : -36.83% (As of Mar. 2020)

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What is TiVo 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. TiVo's annualized ROCE % for the quarter that ended in Mar. 2020 was -36.83%.

TiVo ROCE % Historical Data

The historical data trend for TiVo'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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TiVo ROCE % Chart

TiVo Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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2.73

0.75

-0.18

-11.15

-16.65

TiVo Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
ROCE %	Get a 7-Day Free Trial															-1.46	1.90	-25.45	-41.95	-36.83

TiVo ROCE % Calculation

TiVo's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-341.228	/	( ( (2760.303 - 524.414)	+	(2382.572 - 520.252) )	/ 2 )
	=	-341.228	/	( (2235.889	+	1862.32)	/ 2 )
	=	-341.228	/	2049.1045
	=	-16.65 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	-650.204	/	( ( (2382.572 - 520.252)	+	(1864.602 - 196.379) )	/ 2 )
	=	-650.204	/	( ( 1862.32	+	1668.223 )	/ 2 )
	=	-650.204	/	1765.2715
	=	-36.83 %

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

TiVo (NAS:TIVO) 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.

TiVo ROCE % Related Terms

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TiVo (TIVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TiVo Corp (NAS:TIVO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2160 Gold Street, San Jose, CA, USA, 95002

Website

http://www.tivo.com

TiVo Corp is engaged in media and entertainment products. It provides a broad set of cloud-based services, embedded software solutions and intellectual property that enable people to find and enjoy online video, television programming, movies and music entertainment. In addition, it also offers advanced media and advertising solutions, including viewership data, audience insights and advertising and programming promotion optimization, which enable advanced audience targeting in linear television advertising. The group solutions are sold globally to cable, satellite, and telecommunications pay-TV service providers, virtual service providers, content and new media companies and advertisers. Geographically its presence is seen in US and other international markets.