Turnium Technology Group (FRA:E48) ROCE % : 0.00% (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Turnium Technology Group 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. Turnium Technology Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Turnium Technology Group ROCE % Historical Data

The historical data trend for Turnium Technology 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.

* Premium members only.

Turnium Technology Group ROCE % Chart

Turnium Technology Group Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

Turnium Technology Group Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial										-	-	-	-	-

Turnium Technology Group ROCE % Calculation

Turnium Technology Group'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 )
	=	-2.357	/	( ( (2.66 - 2.942)	+	(2.011 - 2.098) )	/ 2 )
	=	-2.357	/	( (-0.282	+	-0.087)	/ 2 )
	=	-2.357	/	-0.1845
	=	1,277.51 %

Turnium Technology Group'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.908	/	( ( (1.705 - 2.132)	+	(1.69 - 2.006) )	/ 2 )
	=	-0.908	/	( ( -0.427	+	-0.316 )	/ 2 )
	=	-0.908	/	-0.3715
	=	0 %

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

Turnium Technology Group (FRA:E48) 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.

Turnium Technology Group ROCE % Related Terms

Thank you for viewing the detailed overview of Turnium Technology Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Turnium Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Turnium Technology Group Inc (FRA:E48) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TTGI:Canada

Address

3355 Grandview Highway, Vancouver, BC, CAN, V5M 1Z5

Website

https://www.turnium.com

Turnium Technology Group Inc invests in companies that are creating software-defined networks for service providers, enterprises, and small-medium business. The company deliver its software-defined wide area networking solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service. The Company's operations consist of two operating and reportable segments being Tenacious Networks Inc and Turnium Network Solutions Inc.

Turnium Technology Group Headlines

No Headlines