MiX Telematics (MiX Telematics) ROCE % : 9.21% (As of Dec. 2023)

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What is MiX Telematics 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. MiX Telematics's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.21%.

MiX Telematics ROCE % Historical Data

The historical data trend for MiX Telematics'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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MiX Telematics ROCE % Chart

MiX Telematics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.42

17.20

14.11

10.27

10.90

MiX Telematics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.98	14.73	12.78	10.13	9.21

MiX Telematics ROCE % Calculation

MiX Telematics'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 )
	=	14.413	/	( ( (180.554 - 40.541)	+	(176.563 - 52.021) )	/ 2 )
	=	14.413	/	( (140.013	+	124.542)	/ 2 )
	=	14.413	/	132.2775
	=	10.90 %

MiX Telematics'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 )
	=	11.308	/	( ( (176.2 - 55.389)	+	(181.522 - 56.734) )	/ 2 )
	=	11.308	/	( ( 120.811	+	124.788 )	/ 2 )
	=	11.308	/	122.7995
	=	9.21 %

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

MiX Telematics (NYSE:MIXT) 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.

MiX Telematics ROCE % Related Terms

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MiX Telematics (MiX Telematics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MiX Telematics Ltd (NYSE:MIXT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MIX:South Africa 3PQA:Germany

Address

750 Park of Commerce Blvd, Suite 310, Boca Raton, FL, USA, 33487

Website

https://www.mixtelematics.com

MiX Telematics Ltd is a mobile asset management solutions company. The company offers fleet and mobile asset management solutions delivered as Software-as-a-Service to customers across the globe. The company solutions include MiX Fleet Manager Premium; MiX Fleet Manager Essential; MiX Asset Manager and other Value Added Services. Geographically, The company derives a majority of its revenue from Africa and also has a presence in the Americas, Middle East and Australasia, Europe, Brazil, and Central Services Organization (CSO). The company derives maximum revenues from subscriptions to its fleet and mobile asset management solutions.

Executives

Robin A Frew	director, 10 percent owner	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Catherine J Lewis	officer: Executive Vice President	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Gert Pretorius	officer: Executive Vice President	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Charles W Tasker	director, officer: Chief Operating Officer	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Paul M Dell	officer: Group Chief Accounting Officer	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
John Granara	director, officer: Vice President and Group CFO	A123 SYSTEMS INC. ARSENAL ON THE CHARLES, 321 ARSENAL STREET, WATERTOWN MA 02472
Stefan B Joselowitz	director, officer: President and CEO	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Ian Jacobs	director	5015 UNDERWOOD AVENUE, OMAHA NE 68132
Masalini Capital Proprietary Ltd	10 percent owner	POSTNET SUITE 1, PRIVATE BAA X7, MUIZENBERG T3 7950
Fikile C Futwa	director	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Stephen R Bruyns	director	P.O. BOX 12326, VORNA VALLEY, JOHANNESBURG T3 1686
Fundiswa Roji-maplanka	director	P.O. BOX 12326, VORNA VALLEY, JOHANNESBERG T3 1686
Masalini Trust	10 percent owner	POSTNET SUITE 1, PRIVATE BAA X7, MUIZENBERG T3 7950