Tuga Innovations (XCNQ:TUGA) ROCE % : 0.00% (As of Jan. 2024)

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What is Tuga Innovations 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. Tuga Innovations's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Tuga Innovations ROCE % Historical Data

The historical data trend for Tuga Innovations'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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Tuga Innovations ROCE % Chart

Tuga Innovations Annual Data

Trend

Jul21

Jul22

Jul23

ROCE %

-148.40

-937.85

-3,382.86

Tuga Innovations Quarterly Data
	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial							-4,195.92	-	-	-	-

Tuga Innovations ROCE % Calculation

Tuga Innovations's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.776	/	( ( (1.005 - 0.142)	+	(0.176 - 0.934) )	/ 2 )
	=	-1.776	/	( (0.863	+	-0.758)	/ 2 )
	=	-1.776	/	0.0525
	=	-3,382.86 %

Tuga Innovations's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-2.084	/	( ( (0.111 - 1.004)	+	(0.612 - 1.466) )	/ 2 )
	=	-2.084	/	( ( -0.893	+	-0.854 )	/ 2 )
	=	-2.084	/	-0.8735
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Tuga Innovations (XCNQ:TUGA) 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.

Tuga Innovations ROCE % Related Terms

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Tuga Innovations (XCNQ:TUGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tuga Innovations Inc (XCNQ:TUGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TUGAF:USA DQ5:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.tugainnovations.com

Tuga Innovations Inc is a development-stage electric vehicle company involved in the conception, design, and production of specialized EVs to improve the urban mobility experience. It is engaged in the reduction of urban mobility difficulties by developing a three-wheeled, fully electric fore-and-aft 2-seat vehicle.

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