TIOG (Tingo Group) ROCE %: 13.98% (As of Sep. 2023)


TIOG Tingo Group Inc TIOG
16 GF Score
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What is Tingo Group ROCE %?

Tingo Group TIOG 16 ROCE % is 13.98% as of Sep. 2023. GuruFocus rates TIOG with a GF Score™ of 16/100.

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. Tingo Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.98%.

Tingo Group  (OTCPK:TIOG) 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.

Tingo Group ROCE % Related Terms

Tingo Group ROCE % Historical Data

* Premium members only.

The historical data trend for Tingo 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.

Tingo Group ROCE % Chart

Tingo Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -167.92 -107.20 -43.42 -33.96 -1.50

Tingo Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -27.04 10.72 64.64 55.05 13.98
TIOG
16GF Score
Tingo Group Inc TIOG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tingo Group ROCE % Calculation

Tingo Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-11.792/( ( (177.811 - 25.39) + (1682.358 - 265.395) )/ 2 )
=-11.792/( (152.421+1416.963)/ 2 )
=-11.792/784.692
=-1.50 %

Tingo Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=200.392/( ( (1685.188 - 290.446) + (1929.161 - 457.793) )/ 2 )
=200.392/( ( 1394.742 + 1471.368 )/ 2 )
=200.392/1433.055
=13.98 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 13.98% mean?
Tingo Group (TIOG) has a ROCE % of 13.98% as of Sep. 2023.
Is Tingo Group's ROCE % too high?
Tingo Group's current ROCE % is 13.98%. The Software industry median ROCE % is 5.28. Tingo Group's value of 13.98% is 164.8% above this industry median. Overall, Tingo Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Tingo Group's ROCE % compare to AMJT and TRAK?
Tingo Group's ROCE % of 13.98% can be compared against companies in the Software industry. The industry median ROCE % is 5.28. Tingo Group's value of 13.98% is 164.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Software company?
The median ROCE % among Software companies is 5.28, based on 2,711 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tingo Group's current ROCE % of 13.98% is 164.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tingo Group's current ROCE % is 13.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tingo Group stock overvalued right now?
Tingo Group (TIOG) has a current ROCE % of 13.98%. The current ROCE % is 13.98% and 164.8% above the Software industry median of 5.28. Tingo Group's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Tingo Group (TIOG), the current ROCE % is 13.98% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tingo Group Business Description

Address 28 West Grand Avenue, Suite 3, Montvale, NJ, USA, 07645
Tingo Group Inc is a financial technology business focusing on the growth and development technology company currently selling insurance products across various cities in China, with planned expansion into additional markets. Tingo Group has developed scalable proprietary platforms for insurance products and financial services and products, the technology for which is adaptable for other applications and markets. It is a Fintech and Agri-Fintech group of companies with operations in Africa, Southeast Asia and the Middle East.
16GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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