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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. Seagate Technology Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.94%.
The historical data trend for Seagate Technology Holdings'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.
Seagate Technology Holdings Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 24.80 | 19.17 | 26.22 | 34.60 | -3.54 |
Seagate Technology Holdings 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 | -26.95 | -0.09 | -5.20 | 6.85 | 12.94 |
Seagate Technology Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | -183 | / | ( ( (8944 - 3555) | + | (7556 - 2592) ) | / 2 ) | |
= | -183 | / | ( (5389 | + | 4964) | / 2 ) | |
= | -183 | / | 5176.5 | ||||
= | -3.54 % |
Seagate Technology Holdings'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 ) | |||||
= | 560 | / | ( ( (7149 - 2529) | + | (7096 - 3062) ) | / 2 ) | |
= | 560 | / | ( ( 4620 | + | 4034 ) | / 2 ) | |
= | 560 | / | 4327 | ||||
= | 12.94 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Seagate Technology Holdings (NAS:STX) 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.
Thank you for viewing the detailed overview of Seagate Technology Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ban Seng Teh | officer: SVP, Sales | 47488 KATO ROAD, FREMONT CA 94538 |
Katherine Schuelke | officer: SVP, CLO & Corporate Secretary | 47488 KATO ROAD, FREMONT CA 94538 |
John Christopher Morris | officer: SVP, HDD & SDD Products & CTO | 1280 DISC DRIVE, SHAKOPEE MN 55379 |
William D Mosley | officer: President & COO | SEAGATE TECHNOLOGY, 47488 KATO ROAD, FREMONT CA 94538 |
Gianluca Romano | officer: EVP & CFO | 47488 KATO ROAD, FREMONT CA 94538 |
Dylan G. Haggart | director | ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129 |
Edward J Zander | director | MOTOROLA, INC., 1303 E. ALGONQUIN ROAD, SCHAUMBURG IL 60196 |
Kian Fatt Chong | officer: SVP, Global Operations | AVE 5, WOODLANDS U0 121 |
Jeffrey D. Nygaard | officer: Executive Vice President | 47488 KATO ROAD, FREMONT CA 94538 |
Robert A Bruggeworth | director | C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409 |
Richard L Clemmer | director | P O BOX 34552, LAS VEGAS NV 89129 |
Stephen J Luczo | director, officer: Chairman and CEO | |
Jay L Geldmacher | director | 5810 VAN ALLEN WAY, CARLSBAD CA 92008 |
Yolanda Lee Conyers | director | 47488 KATO ROAD, FREMONT CA 94538 |
Stephanie Tilenius | director | C/O IRONPLANET, INC., 4695 CHABOT DRIVE, SUITE 102, PLEASANTON CA 94588 |
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