Armada Data (TSXV:ARD) ROCE % : 15.72% (As of Nov. 2023)

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What is Armada Data 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. Armada Data's annualized ROCE % for the quarter that ended in Nov. 2023 was 15.72%.

Armada Data ROCE % Historical Data

The historical data trend for Armada Data'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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Armada Data ROCE % Chart

Armada Data Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-2.66

11.44

3.23

-52.05

-83.39

Armada Data Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-89.07	-39.54	-248.09	-128.42	15.72

Armada Data ROCE % Calculation

Armada Data's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.344	/	( ( (0.855 - 0.277)	+	(0.546 - 0.299) )	/ 2 )
	=	-0.344	/	( (0.578	+	0.247)	/ 2 )
	=	-0.344	/	0.4125
	=	-83.39 %

Armada Data's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	0.036	/	( ( (0.538 - 0.324)	+	(0.615 - 0.371) )	/ 2 )
	=	0.036	/	( ( 0.214	+	0.244 )	/ 2 )
	=	0.036	/	0.229
	=	15.72 %

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

Armada Data (TSXV:ARD) 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.

Armada Data ROCE % Related Terms

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Armada Data (TSXV:ARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Armada Data Corp (TSXV:ARD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5080 Timberlea Boulevard, Suite 215, Mississauga, ON, CAN, L4W 4M2

Website

https://www.armadadata.com

Armada Data Corp is primarily involved in the accumulation and sale of data related to the purchase of new and used vehicles. The reportable segments of the company are Insurance services, CarCost Canada, and information technology services. The company generates the majority of revenue from Insurance services.

Executives

Glenn Hrabovsky

Director