TUT Fitness Group (TSXV:GYM.H) ROCE %: -292.59% (As of Mar. 2024)


What is TUT Fitness Group ROCE %?

TUT Fitness Group TSXV:GYM.H ROCE % is -292.59% as of Mar. 2024.

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. TUT Fitness Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -292.59%.

TUT Fitness Group  (TSXV:GYM.H) 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.

TUT Fitness Group ROCE % Related Terms

TUT Fitness Group ROCE % Historical Data

* Premium members only.

The historical data trend for TUT Fitness 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.

TUT Fitness Group ROCE % Chart

TUT Fitness Group Annual Data
Trend Sep21 Sep22 Sep23
ROCE %
-60.86 -64.59 -153.59

TUT Fitness Group Quarterly Data
Aug20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -73.36 -50.89 -478.55 -291.36 -292.59

TUT Fitness Group ROCE % Calculation

TUT Fitness Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2023 )  (A: Sep. 2022 )(A: Sep. 2023 )
=-2.211/( ( (2.506 - 0.139) + (0.957 - 0.445) )/ 2 )
=-2.211/( (2.367+0.512)/ 2 )
=-2.211/1.4395
=-153.59 %

TUT Fitness Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-0.632/( ( (0.802 - 0.504) + (0.75 - 0.616) )/ 2 )
=-0.632/( ( 0.298 + 0.134 )/ 2 )
=-0.632/0.216
=-292.59 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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 -292.59% mean?
TUT Fitness Group (TSXV:GYM.H) has a ROCE % of -292.59% as of Mar. 2024.
Is TUT Fitness Group's ROCE % too high?
TUT Fitness Group's current ROCE % is -292.59%.
How does TUT Fitness Group's ROCE % compare to MAT and HAS?
TUT Fitness Group's ROCE % of -292.59% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. 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 Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.08, based on 838 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. 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 Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TUT Fitness Group's current ROCE % is -292.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TUT Fitness Group stock overvalued right now?
TUT Fitness Group (TSXV:GYM.H) has a current ROCE % of -292.59%. The current ROCE % is -292.59%. 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 TUT Fitness Group (TSXV:GYM.H), the current ROCE % is -292.59% as of Mar. 2024. 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.

TUT Fitness Group Business Description

Address 17277, 56 Avenue, Suite 112, Surrey, BC, CAN, V3S 1C2
TUT Fitness Group Inc is a fitness company. engaged in design, development, and distribution of patented fitness equipment. It designs and manufactures the smallest, more affordable, high-performance home gyms, that can be assembled and disassembled in minutes, and stored almost anywhere.