Fastly (FRA:2Y7) ROCE % : -12.32% (As of Mar. 2024)

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What is Fastly 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. Fastly's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.32%.

Fastly ROCE % Historical Data

The historical data trend for Fastly'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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Fastly ROCE % Chart

Fastly Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-22.25

-14.74

-14.15

-10.14

-8.15

Fastly 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															-9.91	-2.28	-14.25	-6.36	-12.32

Fastly ROCE % Calculation

Fastly'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 )
	=	-118.53	/	( ( (1789.931 - 143.791)	+	(1398.6 - 135.435) )	/ 2 )
	=	-118.53	/	( (1646.14	+	1263.165)	/ 2 )
	=	-118.53	/	1454.6525
	=	-8.15 %

Fastly'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 )
	=	-156.404	/	( ( (1398.6 - 135.435)	+	(1385.449 - 110.609) )	/ 2 )
	=	-156.404	/	( ( 1263.165	+	1274.84 )	/ 2 )
	=	-156.404	/	1269.0025
	=	-12.32 %

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

Fastly (FRA:2Y7) 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.

Fastly ROCE % Related Terms

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Fastly (FRA:2Y7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fastly Inc (FRA:2Y7) » Definitions » ROCE %

Comparable Companies

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FSLY:USA FSLY:Mexico 2Y7:Germany F1SL34:Brazil

Address

475 Brannan Street, Suite 300, San Francisco, CA, USA, 94107

Website

https://www.fastly.com

Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focus on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is in far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated nearly three fourths of its revenue in the United States in 2022.

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