N-able (N-able) ROCE % : 9.23% (As of Dec. 2023)

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What is N-able 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. N-able's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.23%.

N-able ROCE % Historical Data

The historical data trend for N-able'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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N-able ROCE % Chart

N-able Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.77

3.29

3.18

4.90

7.11

N-able Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													6.74	5.99	6.51	6.89	9.23

N-able ROCE % Calculation

N-able'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 )
	=	74.578	/	( ( (1078.857 - 61.814)	+	(1162.791 - 81.717) )	/ 2 )
	=	74.578	/	( (1017.043	+	1081.074)	/ 2 )
	=	74.578	/	1049.0585
	=	7.11 %

N-able'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 )
	=	98.004	/	( ( (1122.662 - 79.626)	+	(1162.791 - 81.717) )	/ 2 )
	=	98.004	/	( ( 1043.036	+	1081.074 )	/ 2 )
	=	98.004	/	1062.055
	=	9.23 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

N-able (NYSE:NABL) 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.

N-able ROCE % Related Terms

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N-able (N-able) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » N-able Inc (NYSE:NABL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Corporate Drive, Suite 400, Burlington, MA, USA, 01803

Website

https://www.n-able.com

N-able Inc is a provider of cloud-based software solutions for managed service providers (MSPs), enabling them to support digital transformation and growth for small and medium-sized enterprises. With a flexible technology platform and powerful integrations, N-able makes it easy for MSPs to monitor, manage, and protect their end-customer systems, data, and networks. The company's growing portfolio of management, security, automation, and data protection solutions is built for IT services management professionals. Geographically, the majority of revenue is from the United States. it also has a presence in the United Kingdom and all other International regions.

Executives

Peter C Anastos	officer: EVP, General Cnsl, Secretary	N-ABLE, INC., 301 EDGEWATER DRIVE, SUITE 306, WAKEFIELD MA 01880
John Pagliuca	director, officer: President and CEO	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Tim James O'brien	officer: EVP, Chief Financial Officer	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Frank Colletti	officer: Exec VP, Worldwide Sales	30 CORPORATE DRIVE, 4TH FLOOR, BURLINGTON MA 01803
Ann Johnson	director	C/O N-ABLE, INC., 301 EDGEWATER DRIVE #305, WAKEFIELD MA 01880
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