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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. Cognizant Technology Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.24%.
The historical data trend for Cognizant 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.
Cognizant Technology Solutions Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 19.49 | 15.94 | 20.47 | 21.06 | 19.07 |
Cognizant 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 | 20.18 | 20.37 | 16.06 | 19.44 | 20.24 |
Cognizant Technology Solutions'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 ) | |||||
= | 2828 | / | ( ( (17852 - 3347) | + | (18483 - 3333) ) | / 2 ) | |
= | 2828 | / | ( (14505 | + | 15150) | / 2 ) | |
= | 2828 | / | 14827.5 | ||||
= | 19.07 % |
Cognizant Technology Solutions'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 3040 | / | ( ( (18079 - 3191) | + | (18483 - 3333) ) | / 2 ) | |
= | 3040 | / | ( ( 14888 | + | 15150 ) | / 2 ) | |
= | 3040 | / | 15019 | ||||
= | 20.24 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Cognizant Technology Solutions (NAS:CTSH) 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.
Thank you for viewing the detailed overview of Cognizant Technology Solutions's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Patsalos-fox | director | 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666 |
Mackay Leo S. Jr. | director | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666 |
Robert C. Walker | officer: EVP & Pres, Global Growth Mkts | C/O COGNIZANT TECHNOLOGY SOLUTIONS, 300 FRANK W. BURR BOULEVARD, TEANECK NJ 07666 |
Abraham Schot | director | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP, 300 FRANK W. BURR BLVD. STE 36, 6 FL, TEANECK NJ 07666 |
Zein Abdalla | director | 700 ANDERSON HILL ROAD, LEGAL DEPARTMENT, 1/2, PURCHASE NY 10577 |
Maureen Breakiron-evans | director | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666 |
Kathryn Diaz | officer: SVP & Interim Chief People Off | 300 FRANK W BURR BLVD, TEANECK NJ 07666 |
Eric Branderiz | director | 915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453 |
Nella Domenici | director | C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Ravi Kumar Singisetti | director, officer: Chief Executive Officer | 9405 SW GEMINI DRIVE, BEAVERTON OR 97008 |
Surya Gummadi | officer: SVP & Interim Americas Lead | C/O COGNIZANT TECHNOLOGY SOLUTIONS, 300 FRANK W. BURR BOULEVARD, TEANECK NJ 07666 |
Andrew J Stafford | officer: EVP, Head of Global Delivery | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666 |
Stephen J Rohleder | director | C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601 |
Rajesh Nambiar | officer: President, Digital Business | 300 FRANK W. BURR BLVD, STE. 36, 6TH FL., TEANECK NJ 07666 |
Robert Telesmanic | officer: SVP, Cont. & Chief Acct. Offc. | COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666 |
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