Airiq (TSXV:IQ) ROCE % : -2.05% (As of Dec. 2024)

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What is Airiq 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. Airiq's annualized ROCE % for the quarter that ended in Dec. 2024 was -2.05%.

Airiq ROCE % Historical Data

The historical data trend for Airiq'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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Airiq ROCE % Chart

Airiq Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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34.57

17.03

18.67

16.72

11.55

Airiq Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															6.67	11.59	3.92	1.42	-2.05

Airiq ROCE % Calculation

Airiq'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 )
	=	0.869	/	( ( (8.437 - 1.353)	+	(9.108 - 1.142) )	/ 2 )
	=	0.869	/	( (7.084	+	7.966)	/ 2 )
	=	0.869	/	7.525
	=	11.55 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-0.168	/	( ( (9.251 - 1.059)	+	(9.209 - 1.004) )	/ 2 )
	=	-0.168	/	( ( 8.192	+	8.205 )	/ 2 )
	=	-0.168	/	8.1985
	=	-2.05 %

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

Airiq (TSXV:IQ) 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.

Airiq ROCE % Related Terms

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Airiq Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airiq Inc (TSXV:IQ) » Definitions » ROCE %

Comparable Companies

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AILQF:USA

Address

1099 Kingstone Road, Suite 207, Pickering, ON, CAN, L1V 1B5

Website

https://www.airiq.com

Airiq Inc is a pioneer in IoT-based asset management solutions. The company solutions allow commercial businesses to reliably, effectively, and efficiently monitor assets in near real-time. The company develops iOS and Android mobile and web-based applications, and cloud-based solutions that are standalone or that can be readily integrated with existing software. The company solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety, and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.

Executives

Vernon Lobo	Director, Director or Senior Officer of 10% Security Holder
Bora Kwak	Senior Officer
Geoffrey Rotstein	Director
Michael Robb	Director, Senior Officer
Gabriel Bouchard-phillips	Director
Vecima Networks Inc.	10% Security Holder