Thumzup Media (Thumzup Media) ROCE % : -623.90% (As of Dec. 2023)

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What is Thumzup Media 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. Thumzup Media's annualized ROCE % for the quarter that ended in Dec. 2023 was -623.90%.

Thumzup Media ROCE % Historical Data

The historical data trend for Thumzup Media'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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Thumzup Media ROCE % Chart

Thumzup Media Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-965.52

-305.89

-572.36

Thumzup Media Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-280.52	-550.96	-2,532.39	-	-623.90

Thumzup Media ROCE % Calculation

Thumzup Media'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 )
	=	-3.251	/	( ( (1.161 - 0.374)	+	(0.415 - 0.066) )	/ 2 )
	=	-3.251	/	( (0.787	+	0.349)	/ 2 )
	=	-3.251	/	0.568
	=	-572.36 %

Thumzup Media'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 )
	=	-1.488	/	( ( (0.255 - 0.127)	+	(0.415 - 0.066) )	/ 2 )
	=	-1.488	/	( ( 0.128	+	0.349 )	/ 2 )
	=	-1.488	/	0.2385
	=	-623.90 %

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

Thumzup Media (OTCPK:TZUP) 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.

Thumzup Media ROCE % Related Terms

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Thumzup Media (Thumzup Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thumzup Media Corp (OTCPK:TZUP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11845 West Olympic Boulevard, Suite 1100W No. 13, Los Angeles, CA, USA, 90064

Website

https://www.thumzupmedia.com

Thumzup Media Corp operates in the social media branding and marketing industry. The company operates in a single business segment which is social media marketing. The Thumzup App works on both iPhone and Android mobile operating systems and connects brands and people who use and love these brands. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through Venmo and PayPal.