Corsair Gaming (STU:6C2) ROCE % : -3.94% (As of Mar. 2024)

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What is Corsair Gaming 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. Corsair Gaming's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.94%.

Corsair Gaming ROCE % Historical Data

The historical data trend for Corsair Gaming'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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Corsair Gaming ROCE % Chart

Corsair Gaming Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.31

18.66

15.51

-6.06

1.45

Corsair Gaming 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															0.84	-0.78	0.55	5.26	-3.94

Corsair Gaming ROCE % Calculation

Corsair Gaming'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 )
	=	12.784	/	( ( (1224.599 - 323.79)	+	(1244.794 - 383.753) )	/ 2 )
	=	12.784	/	( (900.809	+	861.041)	/ 2 )
	=	12.784	/	880.925
	=	1.45 %

Corsair Gaming'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 )
	=	-33.544	/	( ( (1244.794 - 383.753)	+	(1156.616 - 314.733) )	/ 2 )
	=	-33.544	/	( ( 861.041	+	841.883 )	/ 2 )
	=	-33.544	/	851.462
	=	-3.94 %

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

Corsair Gaming (STU:6C2) 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.

Corsair Gaming ROCE % Related Terms

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Corsair Gaming (STU:6C2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corsair Gaming Inc (STU:6C2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CRSR:USA CRSR:Mexico 6C2:Germany

Address

115 N. McCarthy Boulevard, Milpitas, CA, USA, 95035

Website

https://www.corsair.com

Corsair Gaming Inc is engaged in the business of providing high-performance gear for gamers and content creators. The product portfolio includes Cases, Keyboards, Mice, Headsets, Power Supplies, Gaming Computers, Gaming Chairs, Mousepads, and other related products. The company operates in two segments namely, Gamer and Creator peripherals, which is the key revenue-generating segment; and Gaming Components and systems. Geographically, the group derives revenue from the Americas, Europe and the Middle East, and the Asia Pacific.

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