TenderHut (WAR:THG) ROCE % : -39.43% (As of Dec. 2023)

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What is TenderHut 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. TenderHut's annualized ROCE % for the quarter that ended in Dec. 2023 was -39.43%.

TenderHut ROCE % Historical Data

The historical data trend for TenderHut'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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TenderHut ROCE % Chart

TenderHut Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.08

40.01

17.78

5.44

-38.33

TenderHut Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													0.39	-44.55	-66.91	-14.04	-39.43

TenderHut ROCE % Calculation

TenderHut'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 )
	=	-11.029	/	( ( (47.561 - 12.011)	+	(34.286 - 12.289) )	/ 2 )
	=	-11.029	/	( (35.55	+	21.997)	/ 2 )
	=	-11.029	/	28.7735
	=	-38.33 %

TenderHut'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-8.928	/	( ( (36.521 - 13.238)	+	(34.286 - 12.289) )	/ 2 )
	=	-8.928	/	( ( 23.283	+	21.997 )	/ 2 )
	=	-8.928	/	22.64
	=	-39.43 %

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

TenderHut (WAR:THG) 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.

TenderHut ROCE % Related Terms

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TenderHut (WAR:THG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TenderHut SA (WAR:THG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Sienkiewicza Street, Bialystok, POL, 15-005

Website

https://www.tenderhut.com

TenderHut SA is a technological group consisting of companies. It is primarily involved in the software design and development, LIMS Systems and other segments. It derives majority of revenue from software design and development which is engaged in the designing, adapting and developing IT systems and offers broadly defined process and technological IT outsourcing services for clients from a broad spectrum of industries.