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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. Snowflake's annualized ROCE % for the quarter that ended in Jan. 2024 was -20.55%.
The historical data trend for Snowflake'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.
Snowflake Annual Data | |||||||||||||||
Trend | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||
ROCE % | Get a 7-Day Free Trial | -58.91 | -18.99 | -13.77 | -15.34 | -19.51 |
Snowflake Quarterly Data | ||||||||||||||||||||
Jan19 | 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 | -16.82 | -19.36 | -20.47 | -19.26 | -20.55 |
Snowflake's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jan. 2024 ) | (A: Jan. 2023 ) | (A: Jan. 2024 ) | |||||
= | -1094.773 | / | ( ( (7722.322 - 1993.517) | + | (8223.383 - 2731.23) ) | / 2 ) | |
= | -1094.773 | / | ( (5728.805 | + | 5492.153) | / 2 ) | |
= | -1094.773 | / | 5610.479 | ||||
= | -19.51 % |
Snowflake'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 ) | |||||
= | -1102.02 | / | ( ( (7264.379 - 2032.672) | + | (8223.383 - 2731.23) ) | / 2 ) | |
= | -1102.02 | / | ( ( 5231.707 | + | 5492.153 ) | / 2 ) | |
= | -1102.02 | / | 5361.93 | ||||
= | -20.55 % |
(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) 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.
Snowflake (NYSE:SNOW) 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 Snowflake's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christian Kleinerman | officer: SVP, Product Management | 106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715 |
Christopher William Degnan | officer: Chief Revenue Officer | 450 CONCAR DRIVE, SAN MATEO CA 94402 |
Frank Slootman | director, 10 percent owner, officer: CEO and Chairman | 106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715 |
Grzegorz Czajkowski | officer: SVP, Engineering and Support | 106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715 |
Benoit Dageville | director, 10 percent owner, officer: President of Products | 450 CONCAR DRIVE, SAN MATEO CA 94402 |
Teresa Briggs | director | 2225 LAWSON LANE, SANTA CLARA CA 95054 |
Michael L Speiser | director, 10 percent owner | 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005 |
Michael Scarpelli | 10 percent owner, officer: Chief Financial Officer | 106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715 |
Mark D Mclaughlin | director | C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054 |
John Dennis Mcmahon | director | C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421 |
Stephen B Burke | director | 41 CENTRAL PARK WEST - APT 11A, NEW YORK NY 10023 |
Jeremy Burton | director | C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715 |
Mark Garrett | director | 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715 |
Sequoia Grove Manager, Llc | 10 percent owner | SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
Sequoia Grove Ii, Llc | 10 percent owner | SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
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