TruTrace Technologies (XCNQ:TTT) ROCE % : 0.00% (As of Jan. 2023)

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What is TruTrace Technologies 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. TruTrace Technologies's annualized ROCE % for the quarter that ended in Jan. 2023 was 0.00%.

TruTrace Technologies ROCE % Historical Data

The historical data trend for TruTrace Technologies'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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TruTrace Technologies ROCE % Chart

TruTrace Technologies Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Apr19

Apr20

Apr21

Apr22

ROCE %

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-4,875.94

TruTrace Technologies Quarterly Data
	Mar18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

TruTrace Technologies ROCE % Calculation

TruTrace Technologies's annualized ROCE % for the fiscal year that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	-2.32	/	( ( (1.429 - 1.801)	+	(0.117 - 2.592) )	/ 2 )
	=	-2.32	/	( (-0.372	+	-2.475)	/ 2 )
	=	-2.32	/	-1.4235
	=	162.98 %

TruTrace Technologies's ROCE % of for the quarter that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	-0.532	/	( ( (0.13 - 3.045)	+	(0.12 - 3.224) )	/ 2 )
	=	-0.532	/	( ( -2.915	+	-3.104 )	/ 2 )
	=	-0.532	/	-3.0095
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2023) EBIT data.

TruTrace Technologies (XCNQ:TTT) 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.

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TruTrace Technologies (XCNQ:TTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TruTrace Technologies Inc (XCNQ:TTT) » Definitions » ROCE %

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TTTSF:USA

Address

61 Regal Road, Toronto, ON, CAN, M6H 2J6

Website

https://www.trutrace.co

TruTrace Technologies Inc is the developer of fully integrated software, secured on a blockchain infrastructure, that gives clients' the ability to store, manage, share and immediately access quality assurance and testing details, COAs, as well as motion and movement intelligence on inventory. The platform was specifically designed to power the traceability of testing standards within the legal cannabis, nutraceutical, food and pharmaceutical space with a focus on the authentication of source materials or ingredients used in formulation.

Executives

Michael Kraft

Director

TruTrace Technologies (XCNQ:TTT) Headlines

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