TrueCar (TrueCar) ROCE % : -8.08% (As of Dec. 2023)

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What is TrueCar 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. TrueCar's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.08%.

TrueCar ROCE % Historical Data

The historical data trend for TrueCar'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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TrueCar ROCE % Chart

TrueCar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.30

-2.62

-8.68

-22.85

-28.51

TrueCar 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															-33.80	-40.00	-45.83	-21.15	-8.08

TrueCar ROCE % Calculation

TrueCar'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 )
	=	-56.467	/	( ( (251.527 - 30.779)	+	(204.32 - 28.978) )	/ 2 )
	=	-56.467	/	( (220.748	+	175.342)	/ 2 )
	=	-56.467	/	198.045
	=	-28.51 %

TrueCar'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 )
	=	-14.292	/	( ( (211.942 - 33.662)	+	(204.32 - 28.978) )	/ 2 )
	=	-14.292	/	( ( 178.28	+	175.342 )	/ 2 )
	=	-14.292	/	176.811
	=	-8.08 %

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

TrueCar (NAS:TRUE) 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.

TrueCar ROCE % Related Terms

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TrueCar (TrueCar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TrueCar Inc (NAS:TRUE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5TC:Germany

Address

1401 Ocean Avenue, Suite 200, Santa Monica, CA, USA, 90401

Website

https://www.truecar.com

TrueCar Inc is a data-driven online platform operating on common technology infrastructure, powered by proprietary data and analytics. It also customizes and operates its platform for affinity group marketing partners, including financial institutions like PenFed and American Express; membership-based organizations like Consumer Reports, AARP, Sam's Club, and AAA; and employee buying programs for large enterprises such as IBM and Walmart. The company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers.

Executives

Oliver Foley	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Jay Ku	officer: Chief Revenue Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
John W Mendel	director	C/O TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Brendan L Harrington	director	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Teresa Luong	officer: Chief Financial Officer	1401 OCEAN AVE, SUITE 200, SANTA MONICA CA 90401
Christopher W Claus	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Robert Buce	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Faye Iosotaluno	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Michael Darrow	officer: EVP, OEM Development	C/O TRUECAR, INC., SUITE 200, SANTA MONICA CA 90401
Jeff Swart	officer: SVP & General Counsel	C/O TRUECAR, INC. 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Charles C. Thomas	officer: VP, Controller, PFO, PAO	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Simon Edward Smith	officer: EVP, Dealer Sales & Services	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jantoon Reigersman	officer: Chief Financial Officer	1655 26TH STREET, SANTA MONICA CA 90404
Kristin Slanina	officer: Chief Operating Officer	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Barbara Carbone	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401