Tuya (TUYA) ROCE % : -9.70% (As of Dec. 2023)

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What is Tuya 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. Tuya's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.70%.

Tuya ROCE % Historical Data

The historical data trend for Tuya'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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Tuya ROCE % Chart

Tuya Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-32.06

-34.54

-27.93

-15.91

-10.83

Tuya Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-13.35	-13.28	-13.01	-7.65	-9.70

Tuya ROCE % Calculation

Tuya'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 )
	=	-105.824	/	( ( (1056.139 - 81.282)	+	(1066.4 - 87.534) )	/ 2 )
	=	-105.824	/	( (974.857	+	978.866)	/ 2 )
	=	-105.824	/	976.8615
	=	-10.83 %

Tuya'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 )
	=	-94.496	/	( ( (1049.039 - 78.933)	+	(1066.4 - 87.534) )	/ 2 )
	=	-94.496	/	( ( 970.106	+	978.866 )	/ 2 )
	=	-94.496	/	974.486
	=	-9.70 %

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

Tuya (NYSE:TUYA) 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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Tuya (TUYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tuya Inc (NYSE:TUYA) » Definitions » ROCE %

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Traded in Other Exchanges

02391:Hong Kong 785:Germany

Address

Huace Center, 10th Floor, Building A, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.tuya.com

Tuya Inc is an IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. The Company has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including platform-as-a-service (PaaS) and Software-as-a-service (SaaS), to businesses and developers. Through its IoT cloud development platform, It has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a broad range of smart devices. The company's revenue is derived from the PRC.