Covisint (Covisint) ROCE % : 9.65% (As of Mar. 2017)

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What is Covisint 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. Covisint's annualized ROCE % for the quarter that ended in Mar. 2017 was 9.65%.

Covisint ROCE % Historical Data

The historical data trend for Covisint'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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Covisint ROCE % Chart

Covisint Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

ROCE %

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-8.64

-39.15

-37.87

-17.75

-17.82

Covisint Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
ROCE %	Get a 7-Day Free Trial															-0.12	-26.74	-28.68	-27.50	9.65

Covisint ROCE % Calculation

Covisint's annualized ROCE % for the fiscal year that ended in Mar. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2017 )		(A: Mar. 2016 )		(A: Mar. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2017 )		(A: Mar. 2016 )		(A: Mar. 2017 )
	=	-12.718	/	( ( (102.045 - 24.461)	+	(85.066 - 19.877) )	/ 2 )
	=	-12.718	/	( (77.584	+	65.189)	/ 2 )
	=	-12.718	/	71.3865
	=	-17.82 %

Covisint's ROCE % of for the quarter that ended in Mar. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	6.116	/	( ( (83.878 - 22.374)	+	(85.066 - 19.877) )	/ 2 )
	=	6.116	/	( ( 61.504	+	65.189 )	/ 2 )
	=	6.116	/	63.3465
	=	9.65 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

Covisint (NAS:COVS) 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.

Covisint ROCE % Related Terms

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Covisint (Covisint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Covisint Corp (NAS:COVS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.covisint.com

Covisint Corp incorporated in April 2008 provides a cloud Platform for the development of identity-centric and IoT solutions. It packages and markets the Covisint Cloud Platform as three different offerings namely, The Covisint Identity Platform, The Covisint IoT Platform, and The Covisint Connected Vehicle Platform. The Covisint Platform offers a complete and tightly integrated set of technologies for one purpose- to enable trusted information sharing and secure interactions across people, systems and things. It offer these capabilities via the public cloud, and exposed via APIs, to enable developers to create custom solutions to transform their businesses.

Executives

William O Grabe	director	C/O COMPUWARE CORP, DETROIT MI 48226
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Dr. Homaira Akbari	director	13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224

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