Technology One (ASX:TNE) ROCE % : 50.81% (As of Sep. 2023)

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What is Technology One 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. Technology One's annualized ROCE % for the quarter that ended in Sep. 2023 was 50.81%.

Technology One ROCE % Historical Data

The historical data trend for Technology One'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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Technology One ROCE % Chart

Technology One Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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51.77

59.29

49.79

46.05

43.87

Technology One Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															59.87	37.76	56.48	38.97	50.81

Technology One ROCE % Calculation

Technology One's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	131.977	/	( ( (539.945 - 271.147)	+	(636.737 - 303.836) )	/ 2 )
	=	131.977	/	( (268.798	+	332.901)	/ 2 )
	=	131.977	/	300.8495
	=	43.87 %

Technology One'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 )
	=	156.444	/	( ( (504.88 - 221.99)	+	(636.737 - 303.836) )	/ 2 )
	=	156.444	/	( ( 282.89	+	332.901 )	/ 2 )
	=	156.444	/	307.8955
	=	50.81 %

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

Technology One (ASX:TNE) 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.

Technology One ROCE % Related Terms

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Technology One (ASX:TNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Technology One Ltd (ASX:TNE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

THNOF:USA RW8:Germany

Address

540 Wickham Street, Level 11, Fortitude Valley, Brisbane, QLD, AUS, 4006

Website

https://www.technologyonecorp.com

Technology One is a technology company providing enterprise resource planning software, primarily to governments, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99% and a consistently growing number of products used per customer.

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