Corero Network Security (LSE:CNS) ROCE % : 11.77% (As of Dec. 2023)

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What is Corero Network Security 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. Corero Network Security's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.77%.

Corero Network Security ROCE % Historical Data

The historical data trend for Corero Network Security'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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Corero Network Security ROCE % Chart

Corero Network Security Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.18

-19.39

9.64

3.76

0.14

Corero Network Security Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															30.71	-1.86	9.56	-11.55	11.77

Corero Network Security ROCE % Calculation

Corero Network Security'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 )
	=	0.022	/	( ( (22.031 - 6.837)	+	(22.464 - 7.156) )	/ 2 )
	=	0.022	/	( (15.194	+	15.308)	/ 2 )
	=	0.022	/	15.251
	=	0.14 %

Corero Network Security'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.752	/	( ( (20.521 - 6.067)	+	(22.464 - 7.156) )	/ 2 )
	=	1.752	/	( ( 14.454	+	15.308 )	/ 2 )
	=	1.752	/	14.881
	=	11.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Corero Network Security (LSE:CNS) 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.

Corero Network Security ROCE % Related Terms

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Corero Network Security (LSE:CNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Corero Network Security PLC (LSE:CNS) » Definitions » ROCE %

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NYA1:Germany

Address

29 Finsbury Circus, Duncan Swallow, Salisbury House, London, GBR, EC2M 5QQ

Website

https://www.corero.com

Corero Network Security PLC is a network security solutions provider. The company offers Distributed Denial of Service (DDoS) defense solutions for service providers, hosting providers and data centers, managed security service providers, and online enterprises. It has operational footprints across the USA, the United Kingdom, Belgium, Germany, Switzerland, Other European countries, Australia, Ireland, APAC, and the Rest of the World. The company's key products are SmartWall Network Threat Defense System, SmartWall Virtual Edition, SecureWatch Analytics, and SmartWall Service Portal. Geographically, it derives a majority of its revenue from the USA.