Pure Storage (STU:6PU) ROCE % : 13.02% (As of Jan. 2024)

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What is Pure Storage 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. Pure Storage's annualized ROCE % for the quarter that ended in Jan. 2024 was 13.02%.

Pure Storage ROCE % Historical Data

The historical data trend for Pure Storage'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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Pure Storage ROCE % Chart

Pure Storage Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-10.51

-12.00

-4.48

4.99

4.78

Pure Storage 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															18.44	-12.76	0.51	16.46	13.02

Pure Storage ROCE % Calculation

Pure Storage'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 )
	=	90.027	/	( ( (3288.331 - 1623.878)	+	(3355.988 - 1253.698) )	/ 2 )
	=	90.027	/	( (1664.453	+	2102.29)	/ 2 )
	=	90.027	/	1883.3715
	=	4.78 %

Pure Storage'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 )
	=	267.468	/	( ( (3177.667 - 1172.292)	+	(3355.988 - 1253.698) )	/ 2 )
	=	267.468	/	( ( 2005.375	+	2102.29 )	/ 2 )
	=	267.468	/	2053.8325
	=	13.02 %

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

Pure Storage (STU:6PU) 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.

Pure Storage ROCE % Related Terms

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Pure Storage (STU:6PU) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pure Storage Inc (STU:6PU) » Definitions » ROCE %

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PSTG:USA

Address

650 Castro Street, Suite 400, Mountain View, CA, USA, 94041

Website

http://www.purestorage.com

Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

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