Tendo AB (XSAT:TENDO) ROCE % : -24.74% (As of Dec. 2024)

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What is Tendo AB 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. Tendo AB's annualized ROCE % for the quarter that ended in Dec. 2024 was -24.74%.

Tendo AB ROCE % Historical Data

The historical data trend for Tendo AB'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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Tendo AB ROCE % Chart

Tendo AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

-11.24

-47.41

-62.57

-69.28

-58.11

Tendo AB Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial												-94.22	-99.35	-103.83	-681.24	-24.74

Tendo AB ROCE % Calculation

Tendo AB's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-20.571	/	( ( (12.721 - 3.052)	+	(74.491 - 13.365) )	/ 2 )
	=	-20.571	/	( (9.669	+	61.126)	/ 2 )
	=	-20.571	/	35.3975
	=	-58.11 %

Tendo AB's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-7.772	/	( ( (3.103 - 1.412)	+	(74.491 - 13.365) )	/ 2 )
	=	-7.772	/	( ( 1.691	+	61.126 )	/ 2 )
	=	-7.772	/	31.4085
	=	-24.74 %

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

Tendo AB (XSAT:TENDO) 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.

Tendo AB ROCE % Related Terms

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Tendo AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tendo AB (XSAT:TENDO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scheelevagen 15, Lund, SWE, 22363

Website

https://www.tendoforpeople.se

Tendo AB is a medical technology company that develops robotic medical devices. It is in the process of developing the product Tendo OneGrip, a glove with a so-called integrated exoskeleton, which assists people with limited hand function as a result of a spinal cord injury.

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