Technicolor Creative Studios (XPAR:TCHCS) ROCE % : 29.53% (As of Jun. 2023)

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What is Technicolor Creative Studios 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. Technicolor Creative Studios's annualized ROCE % for the quarter that ended in Jun. 2023 was 29.53%.

Technicolor Creative Studios ROCE % Historical Data

The historical data trend for Technicolor Creative 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.

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Technicolor Creative Studios ROCE % Chart

Technicolor Creative Studios Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

2.21

-22.12

9.10

-1.76

Technicolor Creative Studios Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-0.69	16.80	14.93	-17.27	29.53

Technicolor Creative Studios ROCE % Calculation

Technicolor Creative 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 )
	=	-7	/	( ( (866 - 497)	+	(744 - 318) )	/ 2 )
	=	-7	/	( (369	+	426)	/ 2 )
	=	-7	/	397.5
	=	-1.76 %

Technicolor Creative Studios's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	136	/	( ( (744 - 318)	+	(707 - 212) )	/ 2 )
	=	136	/	( ( 426	+	495 )	/ 2 )
	=	136	/	460.5
	=	29.53 %

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

Technicolor Creative Studios (XPAR:TCHCS) 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.

Technicolor Creative Studios ROCE % Related Terms

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Technicolor Creative Studios (XPAR:TCHCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Technicolor Creative Studios (XPAR:TCHCS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Z6M0:Germany

Address

8-10 rue du Renard, Paris, FRA, 75004

Website

https://www.technicolorcreative.com

Technicolor Creative Studios is an independent provider of creative visual arts services. The group specializes in VFX and through its award-winning teams of artists and technologists partners with the creative community across Feature Film, Episodic, Animation, Brand Experience & Advertising, and Gaming to bring the universal art of visual storytelling to audiences everywhere.

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