Darktrace (LSE:DARK) ROCE % : 29.14% (As of Dec. 2023)

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What is Darktrace 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. Darktrace's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.14%.

Darktrace ROCE % Historical Data

The historical data trend for Darktrace'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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Darktrace ROCE % Chart

Darktrace Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-47.98

-28.73

-55.54

2.36

11.68

Darktrace Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						4.39	0.66	1.84	21.65	29.14

Darktrace ROCE % Calculation

Darktrace's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	35.266	/	( ( (592.241 - 262.904)	+	(595.477 - 321.106) )	/ 2 )
	=	35.266	/	( (329.337	+	274.371)	/ 2 )
	=	35.266	/	301.854
	=	11.68 %

Darktrace'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 )
	=	84.484	/	( ( (595.477 - 321.106)	+	(613.269 - 307.77) )	/ 2 )
	=	84.484	/	( ( 274.371	+	305.499 )	/ 2 )
	=	84.484	/	289.935
	=	29.14 %

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

Darktrace (LSE:DARK) 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.

Darktrace ROCE % Related Terms

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Darktrace (LSE:DARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Darktrace PLC (LSE:DARK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DRKTY:USA DRKTF:USA DARKl:UK 7TJ:Germany

Address

Saint John’s Innovation Park, Cowley Road, Maurice Wilkes Building, Cambridge, GBR, CB4 0DS

Website

https://www.darktrace.com

Darktrace PLC is a provider of AI for the enterprise, with the first at-scale deployment of AI in cybersecurity. It is a pioneer of self-learning AI and is at the forefront of autonomous response technology. The Group's platform uses machine learning and AI algorithms to neutralize cyber threats across diverse digital estates, including the cloud and networks, IoT, and industrial control systems. Geographically, it derives a majority of revenue from the USA and Canada and also has a presence in the United Kingdom; Europe, and Rest of World.

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