Quisitive Technology Solutions (TSXV:QUIS) ROCE % : 0.83% (As of Sep. 2023)

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What is Quisitive Technology Solutions 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. Quisitive Technology Solutions's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.83%.

Quisitive Technology Solutions ROCE % Historical Data

The historical data trend for Quisitive Technology Solutions'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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Quisitive Technology Solutions ROCE % Chart

Quisitive Technology Solutions Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-60.96

-20.10

-9.08

-1.64

-1.70

Quisitive Technology Solutions 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															-5.55	-1.22	-3.19	0.83	-3.97

Quisitive Technology Solutions ROCE % Calculation

Quisitive Technology Solutions's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-6.227	/	( ( (437.59 - 59.267)	+	(445.5 - 63.763) )	/ 2 )
	=	-6.227	/	( (378.323	+	381.737)	/ 2 )
	=	-6.227	/	380.03
	=	-1.64 %

Quisitive Technology Solutions's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.7	/	( ( (428.383 - 62.418)	+	(430.019 - 145.058) )	/ 2 )
	=	2.7	/	( ( 365.965	+	284.961 )	/ 2 )
	=	2.7	/	325.463
	=	0.83 %

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

Quisitive Technology Solutions (TSXV:QUIS) 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.

Quisitive Technology Solutions ROCE % Related Terms

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Quisitive Technology Solutions (TSXV:QUIS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Quisitive Technology Solutions Inc (TSXV:QUIS) » Definitions » ROCE %

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QUISF:USA

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2S1

Website

https://www.quisitive.com

Quisitive Technology Solutions Inc is a Microsoft solutions provider. It offers Microsoft Azure, Microsoft Dynamics business applications and Microsoft O365 as well as proprietary Software as a Service (SaaS) solutions such as CRG emPerform, LedgerPay, and business solutions from other technology partners that complement the Microsoft platform. Its operating segments are Global Cloud Solutions and Global Payment Processing Solutions. Global Cloud Solutions segment contributes majorly in terms of revenue. The company has a business presence in the US and Canada, of which prime revenue is derived from the USA.

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