Tony G Co-Investment Holdings (XCNQ:TONY) ROCE % : 106.37% (As of Oct. 2023)

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What is Tony G Co-Investment Holdings 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. Tony G Co-Investment Holdings's annualized ROCE % for the quarter that ended in Oct. 2023 was 106.37%.

Tony G Co-Investment Holdings ROCE % Historical Data

The historical data trend for Tony G Co-Investment Holdings'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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Tony G Co-Investment Holdings ROCE % Chart

Tony G Co-Investment Holdings Annual Data

Trend

Oct14

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Jan20

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Jan23

ROCE %

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-3,576.29

378.51

Tony G Co-Investment Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															266.81	-90.26	-33.50	-127.58	106.37

Tony G Co-Investment Holdings ROCE % Calculation

Tony G Co-Investment Holdings's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	1.673	/	( ( (3.211 - 3.117)	+	(2.909 - 2.119) )	/ 2 )
	=	1.673	/	( (0.094	+	0.79)	/ 2 )
	=	1.673	/	0.442
	=	378.51 %

Tony G Co-Investment Holdings's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	0.284	/	( ( (2.639 - 2.376)	+	(2.75 - 2.479) )	/ 2 )
	=	0.284	/	( ( 0.263	+	0.271 )	/ 2 )
	=	0.284	/	0.267
	=	106.37 %

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

Tony G Co-Investment Holdings (XCNQ:TONY) 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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Tony G Co-Investment Holdings (XCNQ:TONY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Tony G Co-Investment Holdings Ltd (XCNQ:TONY) » Definitions » ROCE %

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BGRDF:USA

Address

5800 Ambler Drive, Suite 210, Mississauga, ON, CAN, L4W 4J4

Website

http://www.braingrid.io

Tony G Co-Investment Holdings Ltd is an investment holding company focused on investments in companies operating in the blockchain, cryptocurrency, payment processing, syndicated credit, online commerce, and online gambling industries, including companies or other entities that service such industries. The company's investments are domiciled in Bahamas (Cryptonews) and Lithuania (Sportclothes).

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