Quartix Technologies (LSE:QTX) ROCE % : -35.64% (As of Dec. 2023)

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What is Quartix 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. Quartix Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.64%.

Quartix Technologies ROCE % Historical Data

The historical data trend for Quartix 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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Quartix Technologies ROCE % Chart

Quartix Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.49

26.65

23.74

26.06

-5.25

Quartix Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															35.79	27.04	30.67	23.00	-35.64

Quartix Technologies ROCE % Calculation

Quartix Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.046	/	( ( (30.116 - 8.588)	+	(29.278 - 10.966) )	/ 2 )
	=	-1.046	/	( (21.528	+	18.312)	/ 2 )
	=	-1.046	/	19.92
	=	-5.25 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-6.94	/	( ( (28.788 - 8.155)	+	(29.278 - 10.966) )	/ 2 )
	=	-6.94	/	( ( 20.633	+	18.312 )	/ 2 )
	=	-6.94	/	19.4725
	=	-35.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Quartix Technologies (LSE:QTX) 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.

Quartix Technologies ROCE % Related Terms

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Quartix Technologies (LSE:QTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quartix Technologies PLC (LSE:QTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Castle Park, Sheraton House, Cambridge, GBR, CB3 0AX

Website

https://www.quartix.net

Quartix Technologies PLC is a supplier of vehicle telematics services. It has two reportable segments: Insurance and Total Fleet operations. The Total Fleet segment has been sub-divided into two further categories. Customer Acquisition includes sales and marketing costs of acquiring new fleet customers and the cost associated with units installed for those customers. Fleet Telematics Services includes recurring revenue associated with the group's active subscription base and the cost of servicing that subscription base. The main source of revenue for all segments is from the provision of vehicle telematics services. The group's revenue by geographical markets is highest in the UK, followed by France, the US, and other European territories.

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