MongoDB (STU:526) ROCE % : -8.68% (As of Jan. 2024)

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What is MongoDB 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. MongoDB's annualized ROCE % for the quarter that ended in Jan. 2024 was -8.68%.

MongoDB ROCE % Historical Data

The historical data trend for MongoDB'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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MongoDB ROCE % Chart

MongoDB Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-18.94

-18.40

-20.10

-16.88

-7.12

MongoDB 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															-11.43	-9.67	-5.98	-4.47	-8.68

MongoDB ROCE % Calculation

MongoDB'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 )
	=	-141.49	/	( ( (2402.493 - 546.139)	+	(2634.331 - 517.954) )	/ 2 )
	=	-141.49	/	( (1856.354	+	2116.377)	/ 2 )
	=	-141.49	/	1986.3655
	=	-7.12 %

MongoDB'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 )
	=	-182.376	/	( ( (2551.234 - 463.616)	+	(2634.331 - 517.954) )	/ 2 )
	=	-182.376	/	( ( 2087.618	+	2116.377 )	/ 2 )
	=	-182.376	/	2101.9975
	=	-8.68 %

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

MongoDB (STU:526) 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.

MongoDB ROCE % Related Terms

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MongoDB (STU:526) Business Description

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Comparable Companies

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MDB:USA MDB:Mexico M1DB34:Brazil

Address

1633 Broadway, 38th Floor, New York, NY, USA, 10019

Website

https://www.mongodb.com

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.

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