Tenet Fintech Group (XCNQ:PKK) ROCE %

: -181.19% (As of Sep. 2023)

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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. Tenet Fintech Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -181.19%.

Tenet Fintech Group ROCE % Historical Data

The historical data trend for Tenet Fintech Group'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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Tenet Fintech Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-14.94

-1.29

-13.67

-48.03

-37.50

Tenet Fintech Group 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															-21.01	-113.57	-27.14	-21.80	-181.19

Tenet Fintech Group ROCE % Calculation

Tenet Fintech Group'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 )
	=	-56.298	/	( ( (195.293 - 20.327)	+	(141.267 - 16.006) )	/ 2 )
	=	-56.298	/	( (174.966	+	125.261)	/ 2 )
	=	-56.298	/	150.1135
	=	-37.50 %

Tenet Fintech Group'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 )
	=	-173.92	/	( ( (128.854 - 17.807)	+	(97.962 - 17.038) )	/ 2 )
	=	-173.92	/	( ( 111.047	+	80.924 )	/ 2 )
	=	-173.92	/	95.9855
	=	-181.19 %

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

Tenet Fintech Group (XCNQ:PKK) 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.

Tenet Fintech Group ROCE % Related Terms

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Tenet Fintech Group (XCNQ:PKK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Tenet Fintech Group Inc (XCNQ:PKK) » Definitions » ROCE %

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PKKFF:USA P0T:Germany

Address

119 Spadina Avenue, Suite 705, Toronto, ON, CAN, M5V 2L1

Website

https://www.tenetfintech.com

Tenet Fintech Group Inc is the parent company of a group of innovative FinTech and AI companies. Together with its subsidiaries, It provides various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business transactions among its members.

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