Tinkerine Studios (TSXV:TTD.H) ROCE %: 0.00% (As of Sep. 2023)


What is Tinkerine Studios ROCE %?

Tinkerine Studios TSXV:TTD.H ROCE % is 0.00% as of Sep. 2023.

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. Tinkerine Studios's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Tinkerine Studios  (TSXV:TTD.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.

Tinkerine Studios ROCE % Related Terms

Tinkerine Studios ROCE % Historical Data

* Premium members only.

The historical data trend for Tinkerine Studios'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.

Tinkerine Studios ROCE % Chart

Tinkerine Studios Annual Data
Trend Oct13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Tinkerine Studios 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 0.00 0.00 0.00 0.00 0.00

Tinkerine Studios ROCE % Calculation

Tinkerine Studios'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 )
=0.021/( ( (0.169 - 1.404) + (0.194 - 1.492) )/ 2 )
=0.021/( (-1.235+-1.298)/ 2 )
=0.021/-1.2665
=-1.66 %

Tinkerine Studios'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 )
=0.064/( ( (0.407 - 0.679) + (0.483 - 0.741) )/ 2 )
=0.064/( ( -0.272 + -0.258 )/ 2 )
=0.064/-0.265
=0 %

(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 0.00% mean?
Tinkerine Studios (TSXV:TTD.H) has a ROCE % of 0.00% as of Sep. 2023.
Is Tinkerine Studios' ROCE % too high?
Tinkerine Studios' current ROCE % is 0.00%.
How does Tinkerine Studios' ROCE % compare to ITOX and DPSM?
Tinkerine Studios' ROCE % of 0.00% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.88. 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 Hardware company?
The median ROCE % among Hardware companies is 5.88, based on 2,447 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 Hardware industry, the median ROCE % is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tinkerine Studios's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tinkerine Studios stock overvalued right now?
Tinkerine Studios (TSXV:TTD.H) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. 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 Tinkerine Studios (TSXV:TTD.H), the current ROCE % is 0.00% 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.

Tinkerine Studios Business Description

Address 8275 92nd Street, Unit 213A, Delta, BC, CAN, V4G 0A4
Tinkerine Studios Ltd is engaged in designing, manufacturing, and distributing 3D printers, software, and related online educational content. Some of its products include DittoPro 3D Printer, Premium PLA Filament, Tinkerine Suite, and 3D Printing Accessories. Its geographical segments are Canada and the United States.