Tons Lightology (ROCO:4972) ROCE % : -3.84% (As of Mar. 2024)

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What is Tons Lightology 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. Tons Lightology's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.84%.

Tons Lightology ROCE % Historical Data

The historical data trend for Tons Lightology'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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Tons Lightology ROCE % Chart

Tons Lightology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.72

8.96

11.39

6.35

5.12

Tons Lightology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.73	-3.28	1.32	24.62	-3.84

Tons Lightology ROCE % Calculation

Tons Lightology'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 )
	=	72.761	/	( ( (1318.409 - 169.479)	+	(2190.914 - 495.936) )	/ 2 )
	=	72.761	/	( (1148.93	+	1694.978)	/ 2 )
	=	72.761	/	1421.954
	=	5.12 %

Tons Lightology's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-64.376	/	( ( (2190.914 - 495.936)	+	(2135.478 - 476.186) )	/ 2 )
	=	-64.376	/	( ( 1694.978	+	1659.292 )	/ 2 )
	=	-64.376	/	1677.135
	=	-3.84 %

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

Tons Lightology (ROCO:4972) 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.

Tons Lightology ROCE % Related Terms

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Tons Lightology (ROCO:4972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tons Lightology Inc (ROCO:4972) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 236, Bo’ai Street, 4th Floor, Shulin District, New Taipei, TWN, 23845

Website

https://www.tonslight.com

Tons Lightology Inc engages in the design, manufacture, and sale of commercial lighting fixtures. The company's operating segment includes Tons Lightology Inc; Titan Lighting Co. Ltd and Zhongshan Tons Lighting Co. Ltd. It generates maximum revenue from the Tons Lightology Inc segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Asia; America, and other countries. It focuses on indoor lighting and outdoor lighting. The company products are used for museum/gallery, commercial, hotel, club, office, and Outdoor applications.

Tons Lightology (ROCO:4972) Headlines

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