Trinet Group (STU:TN3) ROCE % : 44.36% (As of Mar. 2024)

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What is Trinet Group 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. Trinet Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 44.36%.

Trinet Group ROCE % Historical Data

The historical data trend for Trinet Group'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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Trinet Group ROCE % Chart

Trinet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.83

31.73

34.67

35.60

39.67

Trinet Group 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															50.34	30.18	37.98	32.37	44.36

Trinet Group ROCE % Calculation

Trinet Group'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 )
	=	496.097	/	( ( (3250.192 - 1876.672)	+	(3386.481 - 2258.571) )	/ 2 )
	=	496.097	/	( (1373.52	+	1127.91)	/ 2 )
	=	496.097	/	1250.715
	=	39.67 %

Trinet Group'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 )
	=	515.2	/	( ( (3386.481 - 2258.571)	+	(3650.56 - 2455.48) )	/ 2 )
	=	515.2	/	( ( 1127.91	+	1195.08 )	/ 2 )
	=	515.2	/	1161.495
	=	44.36 %

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

Trinet Group (STU:TN3) 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.

Trinet Group ROCE % Related Terms

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Trinet Group (STU:TN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (STU:TN3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TNET:USA TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

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