Thruvision Group (LSE:THRU) ROCE % : -35.34% (As of Sep. 2023)

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What is Thruvision Group 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. Thruvision Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -35.34%.

Thruvision Group ROCE % Historical Data

The historical data trend for Thruvision Group'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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Thruvision Group ROCE % Chart

Thruvision Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-12.25

-10.60

-21.27

-16.93

-9.83

Thruvision Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-36.59	2.51	-40.78	20.44	-35.34

Thruvision Group ROCE % Calculation

Thruvision Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.964	/	( ( (12.755 - 2.672)	+	(12.448 - 2.918) )	/ 2 )
	=	-0.964	/	( (10.083	+	9.53)	/ 2 )
	=	-0.964	/	9.8065
	=	-9.83 %

Thruvision Group'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-3.062	/	( ( (12.448 - 2.918)	+	(10.525 - 2.727) )	/ 2 )
	=	-3.062	/	( ( 9.53	+	7.798 )	/ 2 )
	=	-3.062	/	8.664
	=	-35.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Thruvision Group (LSE:THRU) 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.

Thruvision Group ROCE % Related Terms

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Thruvision Group (LSE:THRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thruvision Group PLC (LSE:THRU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DIGTF:USA

Address

121 Olympic Avenue, Milton Park, Abingdon, Oxon, GBR, OX14 4SA

Website

https://www.thruvision.com

Thruvision Group PLC is engaged in developing and selling people-screening technology to the security market. Geographically, it derives a majority of its revenue from the Americas and also has a presence in the UK and Europe, and the Rest of World. Its product includes TS4-C, TS4-SC, TAC, and others. The company serves various markets such as Mass Transit Security, Customs and Border Control, Profit Protection, Visitor-friendly Security, and Entrance Security.

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