| Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Dec 31, 2023 |
---|
Net income | 11 | 15 | 9 | 5 | 3 |
---|
Current income taxes | 5 | 7 | 5 | 2 | 2 |
---|
Deferred income taxes | 5 | -4 | -1 | 6 | 3 |
---|
Loss/(profit) on sale of property, plant and equipment | 0 | -0 | 0 | 0 | 0 |
---|
Contingent consideration remeasurement | - | - | - | -1 | -1 |
---|
Depreciation | - | - | - | -1 | - |
---|
Amortization of intangible assets | 4 | 4 | 4 | 6 | 5 |
---|
Amortization of deferred commissions | 3 | 4 | 4 | 4 | 4 |
---|
Asset Impairment Charges | 0 | 0 | 0 | 0 | - |
---|
Net interest expense | 0 | -0 | -1 | -0 | -1 |
---|
Stock based compensation costs | 1 | 1 | 1 | 1 | 1 |
---|
Net foreign exchange losses/(gains) | -1 | -1 | -1 | 1 | -1 |
---|
Change in allowance for doubtful accounts | 4 | 3 | 3 | 4 | 4 |
---|
Inventory Write-down | 0 | 1 | 1 | 1 | 0 |
---|
Net accrued expenses and other liabilities raised | 3 | 3 | 1 | 1 | -0 |
---|
Other non-cash items | 0 | 0 | 0 | 1 | 0 |
---|
Inventories | 0 | 0 | 1 | 2 | 1 |
---|
Accounts receivables | 7 | -2 | 8 | 3 | 8 |
---|
Prepaid expenses and other current assets | 0 | 2 | 2 | 1 | 0 |
---|
Accounts payables | 3 | -3 | 1 | -0 | -2 |
---|
Accrued expenses and other liabilities | -8 | 1 | 2 | 2 | 3 |
---|
Deferred commissions | 4 | 2 | 3 | 7 | 7 |
---|
Increase (Decrease) Of Foreign Exchange Movements On Operating Capital | -3 | 2 | -0 | -1 | -2 |
---|
Interest received | 1 | 1 | 0 | 1 | 1 |
---|
Interest paid | 0 | 0 | 0 | 1 | 1 |
---|
Income tax paid | 6 | 6 | 7 | 2 | - |
---|
Net cash provided by operating activities | 28 | 39 | 19 | 22 | 14 |
---|
In-vehicle devices | - | 4 | 18 | 19 | - |
---|
Other | - | 0 | 2 | 1 | - |
---|
Acquisition of property and equipment | 15 | - | - | - | - |
---|
Proceeds from Sale of Property, Plant, and Equipment | 1 | 0 | 0 | 0 | 0 |
---|
Acquisition of intangible assets | 6 | 4 | 6 | 5 | 4 |
---|
Cash paid for business combination | - | - | - | 4 | - |
---|
Net cash used in investing activities | -19 | -9 | -26 | -29 | -18 |
---|
Proceeds, Issuance of Shares, Share-Based Payment Arrangement, Including Option Exercised | - | 1 | - | - | - |
---|
Cash paid for ordinary shares repurchased | 10 | - | 3 | 0 | 1 |
---|
Cash paid on dividends to MiX Telematics stockholders | 6 | 5 | 6 | 5 | 4 |
---|
Movement in short-term debt | 0 | -1 | 4 | 11 | 6 |
---|
Net cash (used in)/from financing activities | -15 | -5 | -5 | 5 | 1 |
---|
Net increase/(decrease) in cash and cash equivalents, and restricted cash | -7 | 25 | -12 | -2 | -4 |
---|
Effect of exchange rate changes on cash and cash equivalents, and restricted cash | -2 | 3 | 0 | -2 | - |
---|