Cognyte Software (Cognyte Software) ROCE % : -9.20% (As of Jan. 2024)

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What is Cognyte Software 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. Cognyte Software's annualized ROCE % for the quarter that ended in Jan. 2024 was -9.20%.

Cognyte Software ROCE % Historical Data

The historical data trend for Cognyte Software'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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Cognyte Software ROCE % Chart

Cognyte Software Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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5.73

5.83

2.51

-32.11

-4.99

Cognyte Software Quarterly Data
	Jan19	Jul19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial														-23.29	-9.08	-8.82	5.99	-9.20

Cognyte Software ROCE % Calculation

Cognyte Software'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 )
	=	-13.243	/	( ( (443.078 - 193.856)	+	(472.082 - 190.467) )	/ 2 )
	=	-13.243	/	( (249.222	+	281.615)	/ 2 )
	=	-13.243	/	265.4185
	=	-4.99 %

Cognyte Software'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 )
	=	-23.948	/	( ( (445.594 - 206.45)	+	(472.082 - 190.467) )	/ 2 )
	=	-23.948	/	( ( 239.144	+	281.615 )	/ 2 )
	=	-23.948	/	260.3795
	=	-9.20 %

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

Cognyte Software (NAS:CGNT) 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.

Cognyte Software ROCE % Related Terms

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Cognyte Software (Cognyte Software) Business Description

Industry

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Traded in Other Exchanges

81M:Germany 81M:Germany

Address

33 Maskit, Herzliya, Pituach, ISR, 4673333

Website

https://www.cognyte.com

Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. The company's solutions accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent national security, personal safety, business continuity, and cyber threats.