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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. ToughBuilt Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was -362.09%.
The historical data trend for ToughBuilt Industries'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.
ToughBuilt Industries Annual Data | ||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||
ROCE % | Get a 7-Day Free Trial | - | - | -143.52 | -96.39 | -82.08 |
ToughBuilt Industries Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
ROCE % | Get a 7-Day Free Trial | 69.37 | -201.00 | -104.56 | -92.27 | -362.09 |
ToughBuilt Industries's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2022 ) | (A: Dec. 2021 ) | (A: Dec. 2022 ) | |||||
= | -37.381 | / | ( ( (78.955 - 21.058) | + | (83.917 - 50.732) ) | / 2 ) | |
= | -37.381 | / | ( (57.897 | + | 33.185) | / 2 ) | |
= | -37.381 | / | 45.541 | ||||
= | -82.08 % |
ToughBuilt Industries'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: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2023 ) | (Q: Jun. 2023 ) | (Q: Sep. 2023 ) | |||||
= | -56.408 | / | ( ( (67.551 - 47.679) | + | (64.533 - 53.248) ) | / 2 ) | |
= | -56.408 | / | ( ( 19.872 | + | 11.285 ) | / 2 ) | |
= | -56.408 | / | 15.5785 | ||||
= | -362.09 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.
* 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.
ToughBuilt Industries (NAS:TBLT) 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.
Thank you for viewing the detailed overview of ToughBuilt Industries's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Panosian | director, 10 percent owner, officer: CEO | 25371 COMMERCENTER DRIVE. SUITE 200, LAKE FOREST CA 92630 |
William Placke | director | 25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630 |
Martin Galstyan | officer: Chief Financial Officer | 6339 HARMAN DRIVE, TUJUNGA CA 91042 |
Linda M. Moossaian | director | 3769 EL LADO DRIVE, GLENDALE CA 91208 |
Joshua Keeler | director | 655 NORTH CENTRAL AVE, 1727, GLENDALE CA 91203 |
Titan Advisors, Llc | 10 percent owner | 750 WASHINGTON BLVD., FLOOR 10, STAMFORD CT 06901 |
Hspl Holdings, Llc | 10 percent owner | 750 WASHINGTON BLVD., 10TH FLOOR, STAMFORD CT 06901 |
Frederick D. Furry | director | 18372 OXBORO LANE, HUNTINGTON BEACH CA 92648 |
Paul M. Galvin | director | C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017 |
Manu Ohri | director, officer: CFO | 2355 MAIN STREET, SUITE 120, IRVINE CA 92614 |
Robert K Faught | director | 70 PLANTATION DR #189, HILTON HEAD SC 29928 |
John R Keeler | director, officer: Chief Design Officer | 3000 NW 109TH AVE, MIAMI FL 33172 |
Zareh Khachatoorian | director | 25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630 |
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