IkeGPS Group (ASX:IKE) ROCE % : -77.46% (As of Sep. 2024)

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What is IkeGPS 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. IkeGPS Group's annualized ROCE % for the quarter that ended in Sep. 2024 was -77.46%.

IkeGPS Group ROCE % Historical Data

The historical data trend for IkeGPS 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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IkeGPS Group ROCE % Chart

IkeGPS Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-53.28

-42.98

-25.44

-21.13

-64.66

IkeGPS Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															5.21	-46.61	-55.23	-75.93	-77.46

IkeGPS Group ROCE % Calculation

IkeGPS Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-17.734	/	( ( (40.239 - 8.514)	+	(33.488 - 10.36) )	/ 2 )
	=	-17.734	/	( (31.725	+	23.128)	/ 2 )
	=	-17.734	/	27.4265
	=	-64.66 %

IkeGPS Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-15.634	/	( ( (33.488 - 10.36)	+	(26.837 - 9.6) )	/ 2 )
	=	-15.634	/	( ( 23.128	+	17.237 )	/ 2 )
	=	-15.634	/	20.1825
	=	-77.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

IkeGPS Group (ASX:IKE) 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.

IkeGPS Group ROCE % Related Terms

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IkeGPS Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IkeGPS Group Ltd (ASX:IKE) » Definitions » ROCE %

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IKE:New Zealand

Address

329 Interlocken Parkway, Suite 120, Broomfield, CO, USA, 80021

Website

https://www.ikegps.com

IkeGPS Group Ltd is engaged in designing and delivering a solution for the collection, analysis, and management of distribution assets for electric utilities and communications companies. Its segments include Utility and Communication and Other Business, of which the majority of the revenue comes from Utility and Communication segment which includes broadband fiber and cellular 5G rollout in the United States and Other Business includes sales of Spike into the Signage, Architecture Engineering, and Construction and Geospatial markets. The company generates revenue from its product sales, IKE rental, IKE Solutions, IKE Subscription, and other services provided.

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