Tiny (TSXV:TINY) ROCE % : -6.18% (As of Sep. 2024)

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What is Tiny 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. Tiny's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.18%.

Tiny ROCE % Historical Data

The historical data trend for Tiny'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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Tiny ROCE % Chart

Tiny Annual Data

Trend

Dec22

Dec23

ROCE %

12.46

8.43

Tiny Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						-5.42	-8.71	-6.42	-4.87	-6.18

Tiny ROCE % Calculation

Tiny'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 )
	=	19.286	/	( ( (168.742 - 46.035)	+	(392.635 - 57.543) )	/ 2 )
	=	19.286	/	( (122.707	+	335.092)	/ 2 )
	=	19.286	/	228.8995
	=	8.43 %

Tiny's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-19.724	/	( ( (385.195 - 60.491)	+	(374.471 - 60.45) )	/ 2 )
	=	-19.724	/	( ( 324.704	+	314.021 )	/ 2 )
	=	-19.724	/	319.3625
	=	-6.18 %

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

Tiny (TSXV:TINY) 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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Tiny Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tiny Ltd (TSXV:TINY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TNYZF:USA I0B:Germany

Address

2900 - 550 Burrard Street, Vancouver, BC, CAN, V6C 0A3

Website

https://www.tiny.com

Tiny Ltd operates as a technology holding company which acquires majority stakes in businesses. Its investments are predominantly internet and technology-focused, but it also owns businesses in other industries. The company's reportable segments are; Digital Services, Creative Platform, Software, and Apps. Geographically, it generates key revenue from the United States followed by Europe, Canada, Asia, Australasia, and other regions.

Executives

Timothy Andrew Mcelvaine	Director
Shane Alexander Parrish	Director
Jordan Taub	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Andrew David Charles Wilkinson	10% Security Holder, Director, Senior Officer
Pradeep Nalluri	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
David Charron	Senior Officer
Ampere On Pui Chan	Senior Officer