Kore Group Holdings (Kore Group Holdings) ROCE % : -3.99% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Kore Group 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. Kore Group Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.99%.

Kore Group Holdings ROCE % Historical Data

The historical data trend for Kore Group 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.

* Premium members only.

Kore Group Holdings ROCE % Chart

Kore Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-2.63

-1.51

-12.55

-22.21

Kore Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-5.42	-6.19	-61.61	-16.91	-3.99

Kore Group Holdings ROCE % Calculation

Kore Group Holdings'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 )
	=	-127.991	/	( ( (688.681 - 48.841)	+	(586.984 - 74.499) )	/ 2 )
	=	-127.991	/	( (639.84	+	512.485)	/ 2 )
	=	-127.991	/	576.1625
	=	-22.21 %

Kore Group Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-20.268	/	( ( (586.984 - 74.499)	+	(576.616 - 72.293) )	/ 2 )
	=	-20.268	/	( ( 512.485	+	504.323 )	/ 2 )
	=	-20.268	/	508.404
	=	-3.99 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Kore Group Holdings (OTCPK:KORGW) 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.

Kore Group Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Kore Group Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kore Group Holdings (Kore Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Group Holdings Inc (OTCPK:KORGW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KORE:USA

Address

3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346

Website

https://www.korewireless.com

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions).