Quarterhill (TSX:QTRH) ROCE % : -18.17% (As of Dec. 2023)

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What is Quarterhill 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. Quarterhill's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.17%.

Quarterhill ROCE % Historical Data

The historical data trend for Quarterhill'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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Quarterhill ROCE % Chart

Quarterhill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.34

3.43

-7.45

-10.80

-8.22

Quarterhill 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															-12.55	-19.84	-1.93	0.30	-18.17

Quarterhill ROCE % Calculation

Quarterhill'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 )
	=	-24.72	/	( ( (411.944 - 88.49)	+	(332.079 - 54.161) )	/ 2 )
	=	-24.72	/	( (323.454	+	277.918)	/ 2 )
	=	-24.72	/	300.686
	=	-8.22 %

Quarterhill'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 )
	=	-52.184	/	( ( (336.669 - 40.101)	+	(332.079 - 54.161) )	/ 2 )
	=	-52.184	/	( ( 296.568	+	277.918 )	/ 2 )
	=	-52.184	/	287.243
	=	-18.17 %

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

Quarterhill (TSX:QTRH) 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.

Quarterhill ROCE % Related Terms

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Quarterhill (TSX:QTRH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quarterhill Inc (TSX:QTRH) » Definitions » ROCE %

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QTRHF:USA

Address

25 King Street West, Suite 1101, Toronto, ON, CAN, M5L 2A1

Website

https://www.quarterhill.com

Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. It operates in two segments Licensing, which includes companies that count licensing as their principal business activity, and Intelligent Transportation Systems, which include companies that provide integrated systems and solutions to the ITS industry and its adjacent markets. Its geographical segments are the United States, Canada, Chile, China, Korea, Singapore, Taiwan, Thailand, Ukraine, and the Rest of the world. The majority of the revenue comes from the United States.

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