Tevano Systems Holdings (XCNQ:TEVO) ROCE % : 0.00% (As of Mar. 2023)

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What is Tevano Systems Holdings 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. Tevano Systems Holdings's annualized ROCE % for the quarter that ended in Mar. 2023 was 0.00%.

Tevano Systems Holdings ROCE % Historical Data

The historical data trend for Tevano Systems Holdings'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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Tevano Systems Holdings ROCE % Chart

Tevano Systems Holdings Annual Data

Trend

Jun21

Jun22

ROCE %

-2,104.20

Tevano Systems Holdings Quarterly Data
	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial						-	-	-	-	-

Tevano Systems Holdings ROCE % Calculation

Tevano Systems Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-4.24	/	( ( (1.615 - 1.21)	+	(0.075 - 1.013) )	/ 2 )
	=	-4.24	/	( (0.405	+	-0.938)	/ 2 )
	=	-4.24	/	-0.2665
	=	1,590.99 %

Tevano Systems Holdings's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-1.66	/	( ( (0.038 - 1.196)	+	(0.105 - 0.948) )	/ 2 )
	=	-1.66	/	( ( -1.158	+	-0.843 )	/ 2 )
	=	-1.66	/	-1.0005
	=	0 %

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

Tevano Systems Holdings (XCNQ:TEVO) 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.

Tevano Systems Holdings ROCE % Related Terms

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Tevano Systems Holdings (XCNQ:TEVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tevano Systems Holdings Inc (XCNQ:TEVO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TEVNF:USA 7RBA:Germany

Address

1030 West Georgia Street, Suite 1303, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.tevano.com

Tevano Systems Holdings Inc is in the business of designing, developing, marketing, and selling self-service kiosks for non-physical contact monitoring, testing temperatures and dispensing hand sanitizer for the post COVID-19 environment.

Executives

John Benjamin Sawchuk

10% Security Holder, Director, Senior Officer

Tevano Systems Holdings (XCNQ:TEVO) Headlines

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