TinyBuild (LSE:TBLD) ROCE % : -92.93% (As of Dec. 2023)

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What is TinyBuild 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. TinyBuild's annualized ROCE % for the quarter that ended in Dec. 2023 was -92.93%.

TinyBuild ROCE % Historical Data

The historical data trend for TinyBuild'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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TinyBuild ROCE % Chart

TinyBuild Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.05

21.22

17.19

15.21

-76.08

TinyBuild Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							25.20	12.97	16.30	-61.77	-92.93

TinyBuild ROCE % Calculation

TinyBuild's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-50.059	/	( ( (109.853 - 16.679)	+	(54.587 - 16.163) )	/ 2 )
	=	-50.059	/	( (93.174	+	38.424)	/ 2 )
	=	-50.059	/	65.799
	=	-76.08 %

TinyBuild's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-50.062	/	( ( (80.932 - 11.615)	+	(54.587 - 16.163) )	/ 2 )
	=	-50.062	/	( ( 69.317	+	38.424 )	/ 2 )
	=	-50.062	/	53.8705
	=	-92.93 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

TinyBuild (LSE:TBLD) 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.

TinyBuild ROCE % Related Terms

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TinyBuild (LSE:TBLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TinyBuild Inc (LSE:TBLD) » Definitions » ROCE %

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TBLS:UK 8Z3:Germany

Address

1100 Bellevue Way NE, Suite 8A No. 317, Bellevue, WA, USA, 98004

Website

https://www.tinybuild.com

TinyBuild Inc is a video games publisher and developer with global operations. Its strategic focus is on creating long-lasting IP by partnering with video games developers and establishing a stable platform on which to build multi-game and multimedia franchises.