Targeted Microwave Solutions (TSXV:TMS.H) ROCE % : 0.00% (As of Dec. 2023)

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What is Targeted Microwave Solutions 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. Targeted Microwave Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Targeted Microwave Solutions ROCE % Historical Data

The historical data trend for Targeted Microwave Solutions'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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Targeted Microwave Solutions ROCE % Chart

Targeted Microwave Solutions Annual Data

Trend

Dec15

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Dec23

ROCE %

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Targeted Microwave Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Targeted Microwave Solutions ROCE % Calculation

Targeted Microwave Solutions'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 )
	=	-0.043	/	( ( (0.005 - 0.527)	+	(0.004 - 0.57) )	/ 2 )
	=	-0.043	/	( (-0.522	+	-0.566)	/ 2 )
	=	-0.043	/	-0.544
	=	7.90 %

Targeted Microwave Solutions'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 )
	=	-0.044	/	( ( (0.007 - 0.57)	+	(0.004 - 0.57) )	/ 2 )
	=	-0.044	/	( ( -0.563	+	-0.566 )	/ 2 )
	=	-0.044	/	-0.5645
	=	0 %

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

Targeted Microwave Solutions (TSXV:TMS.H) 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.

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Targeted Microwave Solutions (TSXV:TMS.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Targeted Microwave Solutions Inc (TSXV:TMS.H) » Definitions » ROCE %

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TGTMF:USA

Address

1066 West Hastings Street, Suite 2300, Vancouver, BC, CAN, V6E 3X2

Website

http://www.tmsenergy.com

Targeted Microwave Solutions Inc is a Canada-based industrial clean technology company. Principally, it is engaged in the business of developing microwave-based application technologies to dry, decontaminate, physically upgrade and eliminate or reduce environment harming emissions. The company's technology is used for industrial aggregates, energy-producing biomass, low-rank coals and other materials for application by power utilities and industrial companies.

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