Hewlett Packard Enterprise Co (Hewlett Packard Enterprise Co) ROCE % : 6.41% (As of Jan. 2024)

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What is Hewlett Packard Enterprise Co 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. Hewlett Packard Enterprise Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 6.41%.

Hewlett Packard Enterprise Co ROCE % Historical Data

The historical data trend for Hewlett Packard Enterprise Co'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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Hewlett Packard Enterprise Co ROCE % Chart

Hewlett Packard Enterprise Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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4.88

-0.67

10.51

3.00

6.89

Hewlett Packard Enterprise Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															7.63	6.94	6.55	6.44	6.41

Hewlett Packard Enterprise Co ROCE % Calculation

Hewlett Packard Enterprise Co's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	2386	/	( ( (57123 - 23174)	+	(57153 - 21882) )	/ 2 )
	=	2386	/	( (33949	+	35271)	/ 2 )
	=	2386	/	34610
	=	6.89 %

Hewlett Packard Enterprise Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	2284	/	( ( (57153 - 21882)	+	(58602 - 22635) )	/ 2 )
	=	2284	/	( ( 35271	+	35967 )	/ 2 )
	=	2284	/	35619
	=	6.41 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Hewlett Packard Enterprise Co (NYSE:HPE) 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.

Hewlett Packard Enterprise Co ROCE % Related Terms

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Hewlett Packard Enterprise Co (Hewlett Packard Enterprise Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hewlett Packard Enterprise Co (NYSE:HPE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HPE:Mexico 1HPE:Italy 2HP:Germany 2HP:Germany 2HP:Germany 2HP:Germany H1PE34:Brazil

Address

1701 East Mossy Oaks Road, Spring, TX, USA, 77389

Website

https://www.hpe.com

Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.

Executives

Jeremy Cox	officer: SVP Controller and CTO	3000 HANOVER STREET, PALO ALTO CA 94304
Phil Mottram	officer: President, Intelligent Edge	11445 COMPAQ CENTER DRIVE WEST, HOUSTON TX 77070
Kirt P Karros	officer: SVP, Finance & Treasurer	12400 HIGH BLUFF DR. SUITE 600, SAN DIEGO CA 92130
Justin Hotard	officer: SVP, GM, HPC and AI	11445 COMPAQ CENTER DRIVE WEST, HOUSTON TX 77070
Neil B Macdonald	officer: SVP, GM of Compute	6280 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Fidelma Russo	officer: EVP, GM, HC and CTO	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
John F Schultz	officer: EVP, COLO	C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304
Gerri Gold	officer: EVP, Pres & CEO Financial Serv	4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Alan Richard May	officer: EVP, Chief People Officer	3000 HANOVER STREET, PALO ALTO CA 94304
Antonio F Neri	officer: President and CEO	3000 HANOVER STREET, PALO ALTO CA 94304
Black Thomas E Jr	officer: SVP, GM of Storage	6280 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Bethany Mayer	director	C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Tarek Robbiati	officer: EVP & CFO	6200 SPRINT PARKWAY, OVERLAND PARK KS 66251
Jean M. Hobby	director	10000 WEHRLE DRIVE, CLARENCE NY 14031
Frank A Damelio	director	C/O PFIZER INC., 235 EAST 42ND ST., NEW YORK NY 10017