Tuesday Morning (FRA:TDMA) ROCE % : -49.57% (As of Sep. 2022)

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What is Tuesday Morning 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. Tuesday Morning's annualized ROCE % for the quarter that ended in Sep. 2022 was -49.57%.

Tuesday Morning ROCE % Historical Data

The historical data trend for Tuesday Morning'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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Tuesday Morning ROCE % Chart

Tuesday Morning Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

ROCE %

-34.83

2.97

-22.26

Tuesday Morning Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial								-19.77	6.09	-26.25	-45.05	-49.57

Tuesday Morning ROCE % Calculation

Tuesday Morning's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-48.958	/	( ( (346.844 - 122.023)	+	(335.05 - 119.949) )	/ 2 )
	=	-48.958	/	( (224.821	+	215.101)	/ 2 )
	=	-48.958	/	219.961
	=	-22.26 %

Tuesday Morning's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-104.988	/	( ( (335.05 - 119.949)	+	(344.243 - 135.718) )	/ 2 )
	=	-104.988	/	( ( 215.101	+	208.525 )	/ 2 )
	=	-104.988	/	211.813
	=	-49.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Tuesday Morning (FRA:TDMA) 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.

Tuesday Morning ROCE % Related Terms

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Tuesday Morning (FRA:TDMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tuesday Morning Corp (FRA:TDMA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6250 LBJ Freeway, Dallas, TX, USA, 75240

Website

https://www.tuesdaymorning.com

Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.

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