Titomic (ASX:TTT) ROCE % : -489.01% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Titomic 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. Titomic's annualized ROCE % for the quarter that ended in Dec. 2023 was -489.01%.

Titomic ROCE % Historical Data

The historical data trend for Titomic'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.

Titomic ROCE % Chart

Titomic Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-65.28

-56.80

-89.77

-163.54

-256.09

Titomic Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-108.60	-139.27	-178.85	-399.79	-489.01

Titomic ROCE % Calculation

Titomic's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-14.948	/	( ( (14.818 - 4.739)	+	(6.353 - 4.758) )	/ 2 )
	=	-14.948	/	( (10.079	+	1.595)	/ 2 )
	=	-14.948	/	5.837
	=	-256.09 %

Titomic'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 )
	=	-11.284	/	( ( (6.353 - 4.758)	+	(7.869 - 4.849) )	/ 2 )
	=	-11.284	/	( ( 1.595	+	3.02 )	/ 2 )
	=	-11.284	/	2.3075
	=	-489.01 %

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

Titomic (ASX:TTT) 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.

Titomic ROCE % Related Terms

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

Titomic (ASX:TTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Titomic Ltd (ASX:TTT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

T04:Germany

Address

365 Ferntree Gully Road, Ground Floor, Mount Waverley, VIC, AUS, 3149

Website

https://www.titomic.com

Titomic Ltd specializes in leveraging advanced materials and a new additive manufacturing technology. The company operates in three geographical segments; located in Australia, the USA, and the Netherlands. The company specializes in manufacturing and technology solutions for high-performance metal additive manufacturing, metal coatings, and repairs using its unique patented Titomic Kinetic Fusion cold spray technology with its principal activities in the global defense, aerospace, mining, energy, and transport industries.

Titomic (ASX:TTT) Headlines

From GuruFocus

Top 5 1st Quarter Trades of KCM INVESTMENT ADVISORS LLC

By GuruFocus Research GuruFocus Editor • 05-15-2022