TrackX Holdings (TSXV:TKX.H) ROCE % : 0.00% (As of Jun. 2022)

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What is TrackX 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. TrackX Holdings's annualized ROCE % for the quarter that ended in Jun. 2022 was 0.00%.

TrackX Holdings ROCE % Historical Data

The historical data trend for TrackX 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.

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TrackX Holdings ROCE % Chart

TrackX Holdings Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

ROCE %

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-168.60

-104.26

-1,649.30

TrackX Holdings Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

TrackX Holdings ROCE % Calculation

TrackX Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2021 )		(A: Sep. 2020 )		(A: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2021 )		(A: Sep. 2020 )		(A: Sep. 2021 )
	=	-0.361	/	( ( (1.023 - 3.391)	+	(1.638 - 2.77) )	/ 2 )
	=	-0.361	/	( (-2.368	+	-1.132)	/ 2 )
	=	-0.361	/	-1.75
	=	20.63 %

TrackX Holdings's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	-0.516	/	( ( (1.68 - 3.369)	+	(1.564 - 3.518) )	/ 2 )
	=	-0.516	/	( ( -1.689	+	-1.954 )	/ 2 )
	=	-0.516	/	-1.8215
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

TrackX Holdings (TSXV:TKX.H) 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.

TrackX Holdings ROCE % Related Terms

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TrackX Holdings (TSXV:TKX.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrackX Holdings Inc (TSXV:TKX.H) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.trackx.com

TrackX Holdings Inc provides cloud-based, asset tracking solutions for supply chain and logistics-intensive businesses. Its platform combines support for multiple auto-identification (ID) technologies, workflow, event management, alert notifications, and analytics. The company solutions include high-value asset tracking, yard management, returnable asset management, manufacturing process tracking, and supply chain management, and mobile inventory management solutions. It delivers services to various industries, including transportation, government, healthcare, hi-tech, hospitality, mining, beverage, agriculture, and horticulture. Its operations are primarily conducted in the United States.

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