Time People Group AB (NGM:TPGR) ROCE % : -29.76% (As of Oct. 2024)

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What is Time People Group AB 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. Time People Group AB's annualized ROCE % for the quarter that ended in Oct. 2024 was -29.76%.

Time People Group AB ROCE % Historical Data

The historical data trend for Time People Group AB'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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Time People Group AB ROCE % Chart

Time People Group AB Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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20.96

19.78

42.96

25.74

-8.86

Time People Group AB Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															22.81	-6.83	-8.03	-88.27	-29.76

Time People Group AB ROCE % Calculation

Time People Group AB's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	-3.513	/	( ( (122.08 - 70.814)	+	(84.166 - 56.139) )	/ 2 )
	=	-3.513	/	( (51.266	+	28.027)	/ 2 )
	=	-3.513	/	39.6465
	=	-8.86 %

Time People Group AB's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-6.572	/	( ( (61.786 - 40.273)	+	(70.515 - 47.856) )	/ 2 )
	=	-6.572	/	( ( 21.513	+	22.659 )	/ 2 )
	=	-6.572	/	22.086
	=	-29.76 %

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

Time People Group AB (NGM:TPGR) 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.

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Time People Group AB Business Description

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Address

Kungsgatan 62, Stockholm, SWE, 111 22

Website

https://www.timepeoplegroup.com

Time People Group AB conducts consulting activities in Stockholm. It offers services that cover the entire chain from strategy, change and project management, programs, and system and method development, to test engagement and management. The group operates under its own brands with a clear focus and expertise in IT and Management.

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