What is the Return on Assets (ROA) of Track Group this year?
The Return on Assets (ROA) of Track Group is -0.08 undefined this year.
Track Group ROA 2024
Track Group ROA
-0.08
Ticker
TRCK
ISIN
US89237L1017
WKN
A14TVY
In 2024, Track Group's return on assets (ROA) was -0.08, a -49.05% increase from the -0.17 ROA in the previous year.
Track Group Aktienanalyse
What does Track Group do?
Track Group Inc. is a multinational company that was founded in 1989 and specializes in providing surveillance and security solutions. Originally started as a mobile phone manufacturer, the company has evolved over the years to become a leading provider of technology solutions for correctional agencies, social services, authorities, and jurisdictions worldwide. The company's business model is based on offering products and services that support law enforcement agencies and social services in their work and improve their efficiency. They utilize modern technology and analytics methods for monitoring probationers, individuals on house arrest, and other persons under surveillance. To deliver these solutions, the company has expanded its operations into multiple divisions, each focusing on specific technologies, products, and servicing different markets. One division, Electronic Monitoring (EM), specializes in monitoring individuals on house arrest or probation by offering various types of electronic ankle bracelets and surveillance systems that enable authorities to track their activities around the clock. The second division, Community Corrections (CC), focuses on solutions for correctional agencies, providing tools and technologies to facilitate the work of correctional officers and improve inmate management. The third division, Health Solutions (HS), concentrates on medical solutions and care, developing medical devices and software platforms to enhance the healthcare of inmates. In addition to these divisions, Track Group also offers hardware and software solutions specifically designed for law enforcement agencies and jurisdictions. Their proprietary software platform, called "Web-based Integrated System Platform (WISP)," facilitates monitoring, management, and data access for authorities. Overall, Track Group offers a wide range of products and solutions that position the company as a leader in the field of monitoring and controlling individuals. Their goal is to ease the work of government agencies and ensure the safety of citizens. The company has gained respect and recognition in the international industry, thanks to its innovation and continuous efforts in developing new solutions and applications. Numerous customers and partners have already benefitted from the professional and effective solutions provided by Track Group Inc. Track Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Track Group's Return on Assets (ROA)
Track Group's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Track Group's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Track Group's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Track Group’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Track Group stock
What was the ROA of Track Group compared to the previous year?
The ROA of Track Group has increased by -49.05% compared to the previous year.
What consequences do high ROA have for investors of Track Group?
A high ROA is advantageous for investors of Track Group, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Track Group?
A low ROA can be unfavorable for investors of Track Group as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Track Group affect the company?
An increase in ROA of Track Group can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Track Group impact the company?
A reduction in the ROA of Track Group can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Track Group?
Some factors that can influence the ROA of Track Group include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Track Group important for investors?
The ROA of Track Group is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Track Group take to improve ROA?
To improve ROA, Track Group can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Track Group pay?
Over the past 12 months, Track Group paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Track Group is expected to pay a dividend of 0 USD.
What is the dividend yield of Track Group?
The current dividend yield of Track Group is .
When does Track Group pay dividends?
Track Group pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of Track Group?
Track Group paid dividends every year for the past 0 years.
What is the dividend of Track Group?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is Track Group located?
Track Group is assigned to the 'Information technology' sector.
Wann musste ich die Aktien von Track Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Track Group from 9/10/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/10/2024.
When did Track Group pay the last dividend?
The last dividend was paid out on 9/10/2024.
What was the dividend of Track Group in the year 2023?
In the year 2023, Track Group distributed 0 USD as dividends.
In which currency does Track Group pay out the dividend?
The dividends of Track Group are distributed in USD.
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Andere Kennzahlen von Track Group
Our stock analysis for Track Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Track Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
