Tenable Holdings (Tenable Holdings) ROCE % : -4.13% (As of Dec. 2023)

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What is Tenable Holdings 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. Tenable Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.13%.

Tenable Holdings ROCE % Historical Data

The historical data trend for Tenable Holdings'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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Tenable Holdings ROCE % Chart

Tenable Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-41.53

-13.38

-7.98

-8.18

-4.04

Tenable Holdings 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															-4.95	-6.80	-2.34	-2.98	-4.13

Tenable Holdings ROCE % Calculation

Tenable Holdings'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 )
	=	-36.062	/	( ( (1439.53 - 584.16)	+	(1606.871 - 675.838) )	/ 2 )
	=	-36.062	/	( (855.37	+	931.033)	/ 2 )
	=	-36.062	/	893.2015
	=	-4.04 %

Tenable Holdings'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 )
	=	-38.312	/	( ( (1524.446 - 600.743)	+	(1606.871 - 675.838) )	/ 2 )
	=	-38.312	/	( ( 923.703	+	931.033 )	/ 2 )
	=	-38.312	/	927.368
	=	-4.13 %

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

Tenable Holdings (NAS:TENB) 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.

Tenable Holdings ROCE % Related Terms

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Tenable Holdings (Tenable Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tenable Holdings Inc (NAS:TENB) » Definitions » ROCE %

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Traded in Other Exchanges

TENB:Mexico TE7:Germany

Address

6100 Merriweather Drive, Columbia, MD, USA, 21044

Website

https://www.tenable.com

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

Executives

Amit Yoran	director, officer: President, CEO and Chairman	C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Mark C. Thurmond	officer: Chief Operating Officer	C/O TENABLE HOLDINGS, INC.0, 6100 MERRIWEATHER DRIVE, 12TH FLOOR, COLUMBIA MD 21044
Stephen A Vintz	officer: Chief Financial Officer	4296 FORBES BOULEVARD, LANHAM MD 20706
Linda Kay Zecher	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Margaret M Keane	director	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Raymond Jr. Vicks	director	C/O ACCESS GOHEALTH ONDEMAND, INC., 5555 GLENRIDGE CONNECTOR, SUITE 700, ATLANTA GA 30342
George Alex Tosheff	director	23 CORPORATE PLAZA, SUITE 280, NEWPORT BEACH CA 92660
Coviello Arthur W Jr	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Stephen A Riddick	officer: General Counsel & Secretary	C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Jerry M Kennelly	director	199 FREMONT STREET, SAN FRANCISCO CA 94105
Niloofar Razi Howe	director	C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Ping Li	director, 10 percent owner	428 UNIVERSITY AVENUE, PALO ALTO CA 94301
Kimberly Hammonds	director	100 EAST DAVIE STREET, RALEIGH NC 27601
Insight Holdings Group, Llc	10 percent owner	1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Ivp Gp (venice), Llc	10 percent owner	PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104