Track Group (STU:G7F2) ROCE % : -17.72% (As of Mar. 2024)

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What is Track Group 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. Track Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -17.72%.

Track Group ROCE % Historical Data

The historical data trend for Track Group'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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Track Group ROCE % Chart

Track Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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37.24

27.93

-11.75

-2.12

Track Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-8.20	1.51	-5.79	4.63	-17.72

Track Group ROCE % Calculation

Track Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.752	/	( ( (45.128 - 6.422)	+	(37.71 - 5.319) )	/ 2 )
	=	-0.752	/	( (38.706	+	32.391)	/ 2 )
	=	-0.752	/	35.5485
	=	-2.12 %

Track Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-5.444	/	( ( (37.239 - 5.658)	+	(36.586 - 6.717) )	/ 2 )
	=	-5.444	/	( ( 31.581	+	29.869 )	/ 2 )
	=	-5.444	/	30.725
	=	-17.72 %

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

Track Group (STU:G7F2) 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.

Track Group ROCE % Related Terms

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Track Group (STU:G7F2) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Track Group Inc (STU:G7F2) » Definitions » ROCE %

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TRCK:USA

Address

200 E. 5th Avenue, Suite 100, Naperville, IL, USA, 60563

Website

https://www.trackgrp.com

Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include ReliAlert XC4, TrackerPAL, TrackerPAL Mobile, a portfolio of software applications including predictive analytics, a device-agnostic operating system, and a variety of accessories, services, and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States.

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