Tigar a.d (XBEL:TIGR) ROCE % : -136.84% (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Tigar a.d 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. Tigar a.d's annualized ROCE % for the quarter that ended in Dec. 2023 was -136.84%.

Tigar a.d ROCE % Historical Data

The historical data trend for Tigar a.d'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.

* Premium members only.

Tigar a.d ROCE % Chart

Tigar a.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-55.55

Tigar a.d Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-136.84

Tigar a.d ROCE % Calculation

Tigar a.d'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 )
	=	-735.567	/	( ( (5530.944 - 8513.605)	+	(5630.82 - 0) )	/ 2 )
	=	-735.567	/	( (-2982.661	+	5630.82)	/ 2 )
	=	-735.567	/	1324.0795
	=	-55.55 %

Tigar a.d's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-845.31	/	( ( (4543.312 - 8938.653)	+	(5630.82 - 0) )	/ 2 )
	=	-845.31	/	( ( -4395.341	+	5630.82 )	/ 2 )
	=	-845.31	/	617.7395
	=	-136.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Tigar a.d (XBEL:TIGR) 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.

Tigar a.d ROCE % Related Terms

Thank you for viewing the detailed overview of Tigar a.d's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tigar a.d Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tigar a.d (XBEL:TIGR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

213, Nikole Pasica Street, Pirot, SRB, 18300

Website

http://www.tigar.com

Tigar a.d is engaged in the production of rubber footwear and chemical products. Tigar's product line comprises footwear, technical rubber goods, and chemical products. Tigar footwear's product lines currently include the following product groups: safety footwear, work boots, sports footwear, fashion footwear, and children's footwear. Technical rubber goods include moulded rubber products, rubber profiles, and special purpose products. Tigar chemical products manufacture more than 300 products classified into self-spreading flooring, anti-corrosion coatings, and adhesives.