Triterras (Triterras) ROCE % : -30.82% (As of Aug. 2022)

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What is Triterras 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. Triterras's annualized ROCE % for the quarter that ended in Aug. 2022 was -30.82%.

Triterras ROCE % Historical Data

The historical data trend for Triterras'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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Triterras ROCE % Chart

Triterras Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

ROCE %

92.69

62.47

23.44

Triterras Semi-Annual Data
	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22
ROCE %	Get a 7-Day Free Trial			139.11	75.38	38.33	9.58	-30.82

Triterras ROCE % Calculation

Triterras's annualized ROCE % for the fiscal year that ended in Feb. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2022 )		(A: Feb. 2021 )		(A: Feb. 2022 )
	=	34.98	/	( ( (208.181 - 59.092)	+	(170.76 - 21.395) )	/ 2 )
	=	34.98	/	( (149.089	+	149.365)	/ 2 )
	=	34.98	/	149.227
	=	23.44 %

Triterras's ROCE % of for the quarter that ended in Aug. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2022 )		(Q: Feb. 2022 )		(Q: Aug. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2022 )		(Q: Feb. 2022 )		(Q: Aug. 2022 )
	=	-42.542	/	( ( (170.76 - 21.395)	+	(148.926 - 22.234) )	/ 2 )
	=	-42.542	/	( ( 149.365	+	126.692 )	/ 2 )
	=	-42.542	/	138.0285
	=	-30.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2022) EBIT data.

Triterras (OTCPK:TRIRF) 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.

Triterras ROCE % Related Terms

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Triterras (Triterras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Triterras Inc (OTCPK:TRIRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23-04 Republic Plaza, 9 Raffles Place, Singapore, SGP, 048619

Website

https://www.triterras.com

Triterras Inc is a fintech company. The company is focused on trade and trade finance. Its technology platform facilitates commodities trading that connects and enables commodity traders to trade and source capital from lenders directly online. Also, the company focuses on credit insurance and logistics solutions for small and medium-sized enterprises using innovative blockchain-enabled technology.