Quorum Information Technologies (TSXV:QIS) ROCE % : 10.18% (As of Dec. 2023)

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What is Quorum Information 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. Quorum Information Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.18%.

Quorum Information Technologies ROCE % Historical Data

The historical data trend for Quorum Information 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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Quorum Information Technologies ROCE % Chart

Quorum Information Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.14

-0.85

-3.82

1.08

4.48

Quorum Information Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.57	-0.26	4.44	3.51	10.18

Quorum Information Technologies ROCE % Calculation

Quorum Information 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 )
	=	1.92	/	( ( (47.128 - 3.339)	+	(45.828 - 3.891) )	/ 2 )
	=	1.92	/	( (43.789	+	41.937)	/ 2 )
	=	1.92	/	42.863
	=	4.48 %

Quorum Information 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4.336	/	( ( (47.325 - 4.046)	+	(45.828 - 3.891) )	/ 2 )
	=	4.336	/	( ( 43.279	+	41.937 )	/ 2 )
	=	4.336	/	42.608
	=	10.18 %

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

Quorum Information Technologies (TSXV:QIS) 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.

Quorum Information Technologies ROCE % Related Terms

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Quorum Information Technologies (TSXV:QIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quorum Information Technologies Inc (TSXV:QIS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QIFTF:USA

Address

7500 Macleod Trail South East, Suite 200, Calgary, AB, CAN, T2H 0L9

Website

https://quoruminformationsystems.com

Quorum Information Technologies Inc is an information technology company engaged in the automotive retail business. It develops, markets, implements, and supports its software products, XSELLERATOR, a Dealership Management System for the automotive market; Autovance Desk, Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service and Sales Customer Relationship Management (CRM" system and Business Development Centre (BDC); and Quorum Advantage showroom system. The Company works with original equipment manufacturers to bring integration between the auto manufacturers and the systems that dealers use. The Company operates in one segment, the computer network, and the business software industry. Its geographical segments are Canada and the United States.

Executives

Maury Marks

Director, Senior Officer