Cloudflare (Cloudflare) ROCE % : -5.82% (As of Mar. 2024)

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What is Cloudflare 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. Cloudflare's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.82%.

Cloudflare ROCE % Historical Data

The historical data trend for Cloudflare'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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Cloudflare ROCE % Chart

Cloudflare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.06

-10.07

-11.96

-8.69

-7.85

Cloudflare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-6.28	-17.08	-4.05	-4.60	-5.82

Cloudflare ROCE % Calculation

Cloudflare'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 )
	=	-171.99	/	( ( (2587.908 - 397.87)	+	(2759.767 - 567.084) )	/ 2 )
	=	-171.99	/	( (2190.038	+	2192.683)	/ 2 )
	=	-171.99	/	2191.3605
	=	-7.85 %

Cloudflare's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-128.696	/	( ( (2759.767 - 567.084)	+	(2801.63 - 574.059) )	/ 2 )
	=	-128.696	/	( ( 2192.683	+	2227.571 )	/ 2 )
	=	-128.696	/	2210.127
	=	-5.82 %

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

Cloudflare (NYSE:NET) 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.

Cloudflare ROCE % Related Terms

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Cloudflare (Cloudflare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cloudflare Inc (NYSE:NET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NET:Mexico 0A3Z:UK 8CF:Germany 8CF:Germany

Address

101 Townsend Street, San Francisco, CA, USA, 94107

Website

https://www.cloudflare.com

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Executives

Michelle Zatlyn	director, officer: Chief Operating Officer	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Thomas J Seifert	officer: Chief Financial Officer	101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Carl Ledbetter	director, 10 percent owner	2755 EAST COTTONWOOD PARKWAY, SUITE 520, SALT LAKE CITY UT 84121
Matthew Prince	director, 10 percent owner, officer: CEO and Chair of the Board	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Douglas James Kramer	officer: General Counsel	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Scott D Sandell	director, 10 percent owner
Katrin Suder	director	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Janel Riley	officer: Chief Accounting Officer	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Paul D. Underwood	officer: Chief Accounting Officer	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Mark J Hawkins	director	C/O LOGITECH, INC., 6505 KAISER DRIVE, FREMONT CA 94555
Maria S Eitel	director	C/O CLOUDFLARE, INC., 101 TOWNSEND STREET, SAN FRANCISCO CA 94107
Stanley J Meresman	director	2071 HUNTINGTON LANE, LOS ALTOS CA 94024
Forest Baskett	10 percent owner
Patrick J Kerins	10 percent owner
Venrock Associates V Lp	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304