Thorney Technologies (ASX:TEK) ROCE % : 0.00% (As of Jun. 2024)

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What is Thorney Technologies 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. Thorney Technologies's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Thorney Technologies ROCE % Historical Data

The historical data trend for Thorney Technologies'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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Thorney Technologies ROCE % Chart

Thorney Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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0.23

47.10

-39.59

-18.03

-12.37

Thorney Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-88.67	-12.29	-23.47	-	-

Thorney Technologies ROCE % Calculation

Thorney Technologies's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-14.322	/	( ( (130.37 - 2.187)	+	(104.484 - 1.106) )	/ 2 )
	=	-14.322	/	( (128.183	+	103.378)	/ 2 )
	=	-14.322	/	115.7805
	=	-12.37 %

Thorney Technologies's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0	/	( ( (118.357 - 1.187)	+	(104.484 - 1.106) )	/ 2 )
	=	0	/	( ( 117.17	+	103.378 )	/ 2 )
	=	0	/	110.274
	=	0.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Thorney Technologies (ASX:TEK) 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.

Thorney Technologies ROCE % Related Terms

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Thorney Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Thorney Technologies Ltd (ASX:TEK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Collins Street, Level 39, Melbourne, VIC, AUS, 3000

Website

https://www.thorney.com.au/thorney-technologies

Thorney Technologies Ltd is an investment company. Its principal activity is investing in global listed, and unlisted, technology investments such as fin-tech, e-commerce, education, agriculture, medical, telecommunication, robotics, and AI at all phases of the investment lifecycle. It is established in Australia, Israel, and USA.

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