Tribe Technology (LSE:TRYB) ROCE % : -163.81% (As of Dec. 2023)

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

What is Tribe Technology 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. Tribe Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -163.81%.

Tribe Technology ROCE % Historical Data

The historical data trend for Tribe Technology'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.

Tribe Technology ROCE % Chart

Tribe Technology Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-205.53

-374.07

-560.71

Tribe Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-358.78	-385.74	-167.98	-398.42	-163.81

Tribe Technology ROCE % Calculation

Tribe Technology's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.625	/	( ( (3.172 - 2.485)	+	(3.445 - 2.839) )	/ 2 )
	=	-3.625	/	( (0.687	+	0.606)	/ 2 )
	=	-3.625	/	0.6465
	=	-560.71 %

Tribe Technology'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 )
	=	-5.282	/	( ( (3.445 - 2.839)	+	(7.975 - 2.132) )	/ 2 )
	=	-5.282	/	( ( 0.606	+	5.843 )	/ 2 )
	=	-5.282	/	3.2245
	=	-163.81 %

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

Tribe Technology (LSE:TRYB) 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.

Tribe Technology ROCE % Related Terms

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

Tribe Technology (LSE:TRYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tribe Technology PLC (LSE:TRYB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7B Enterprise Way, Mallusk, Belfast, GBR, BT36 4EW

Website

https://www.tribetechgroup.com

Tribe Technology PLC is a company involved in developing and manufacturing of autonomous mining equipment. The Company's core activities are the development, in-house manufacturing, and sale of its autonomous reverse circulation (RC) drill rigs incorporating its core proprietary intellectual property, Tribe Technology Drilling System (TTDS).

Tribe Technology (LSE:TRYB) Headlines

No Headlines