Tangiamo Touch Technology AB (OSTO:TANGI) ROCE % : -79.69% (As of Sep. 2023)

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What is Tangiamo Touch Technology 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. Tangiamo Touch Technology AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -79.69%.

Tangiamo Touch Technology AB ROCE % Historical Data

The historical data trend for Tangiamo Touch Technology 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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Tangiamo Touch Technology AB ROCE % Chart

Tangiamo Touch Technology AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-11.33

-48.03

-155.67

-59.63

-72.58

Tangiamo Touch Technology AB Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-148.07	-199.21	31.45	-61.43	-79.69

Tangiamo Touch Technology AB ROCE % Calculation

Tangiamo Touch Technology AB's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-13.295	/	( ( (26.277 - 8.27)	+	(27.854 - 9.227) )	/ 2 )
	=	-13.295	/	( (18.007	+	18.627)	/ 2 )
	=	-13.295	/	18.317
	=	-72.58 %

Tangiamo Touch Technology AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-16.288	/	( ( (30.496 - 8.565)	+	(29.837 - 10.889) )	/ 2 )
	=	-16.288	/	( ( 21.931	+	18.948 )	/ 2 )
	=	-16.288	/	20.4395
	=	-79.69 %

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

Tangiamo Touch Technology AB (OSTO:TANGI) 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.

Tangiamo Touch Technology AB ROCE % Related Terms

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Tangiamo Touch Technology AB (OSTO:TANGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tangiamo Touch Technology AB (OSTO:TANGI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5J7:Germany

Address

Marieholmsgatan 10C, Gothenburg, SWE, 415 02

Website

https://www.tangiamo.com

Tangiamo Touch Technology AB designs, develops and manufactures multi-player gaming systems for casinos and arcades, electronic. The company operates in touch technology, electronic table games, and online gaming. Its software allows players to play on the tables from mobiles and tablets, either within the casino.

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