Checkit (LSE:CKT) ROCE % : -28.31% (As of Jan. 2024)

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What is Checkit 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. Checkit's annualized ROCE % for the quarter that ended in Jan. 2024 was -28.31%.

Checkit ROCE % Historical Data

The historical data trend for Checkit'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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Checkit ROCE % Chart

Checkit Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-38.17

-21.41

-30.00

-31.64

-28.82

Checkit Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															-43.13	-30.61	-30.77	-29.19	-28.31

Checkit ROCE % Calculation

Checkit's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-5	/	( ( (27.4 - 7.8)	+	(23.1 - 8) )	/ 2 )
	=	-5	/	( (19.6	+	15.1)	/ 2 )
	=	-5	/	17.35
	=	-28.82 %

Checkit's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	-4.6	/	( ( (24.6 - 7.2)	+	(23.1 - 8) )	/ 2 )
	=	-4.6	/	( ( 17.4	+	15.1 )	/ 2 )
	=	-4.6	/	16.25
	=	-28.31 %

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

Checkit (LSE:CKT) 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.

Checkit ROCE % Related Terms

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Checkit (LSE:CKT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Checkit PLC (LSE:CKT) » Definitions » ROCE %

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Address

JJ Thomson Avenue, Broers Building, Cambridge, GBR, CB3 0FA

Website

https://www.checkit.net

Checkit PLC is a real-time operation management software company engaged in providing intelligent operations management platforms for desk less workforces, enabling operational agility and intelligent decision-making in large multinational and complex national organizations. The company's subscription business model offers optional plugins for smart sensor networks and workflow task management. Its solutions apply digital tools and monitoring to transform workforce management and incorporate physical assets into a digital ecosystem using Internet of Things (IoT) sensors and monitoring devices. The company has two operating segments; the United Kingdom, and The Americas. It derives a majority of its revenue from the United Kingdom.

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