CyberArk Software (CyberArk Software) ROCE % : 18.00% (As of Dec. 2023)

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What is CyberArk 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. CyberArk Software's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.00%.

CyberArk Software ROCE % Historical Data

The historical data trend for CyberArk 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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CyberArk Software ROCE % Chart

CyberArk Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.27

1.33

-5.51

-9.86

-5.32

CyberArk Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.44	-13.52	-11.69	-7.46	18.00

CyberArk Software ROCE % Calculation

CyberArk Software'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 )
	=	-60.262	/	( ( (1819.401 - 452.472)	+	(2022.208 - 1124.63) )	/ 2 )
	=	-60.262	/	( (1366.929	+	897.578)	/ 2 )
	=	-60.262	/	1132.2535
	=	-5.32 %

CyberArk Software's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	205.996	/	( ( (1864.866 - 473.678)	+	(2022.208 - 1124.63) )	/ 2 )
	=	205.996	/	( ( 1391.188	+	897.578 )	/ 2 )
	=	205.996	/	1144.383
	=	18.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CyberArk Software (NAS:CYBR) 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.

CyberArk Software ROCE % Related Terms

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CyberArk Software (CyberArk Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CyberArk Software Ltd (NAS:CYBR) » Definitions » ROCE %

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CYBR:Mexico CYB:Germany CYB:Germany

Address

9 Hapsagot Street, Park Ofer B, P.O. Box 3143, Petach Tikva, ISR, 4951040

Website

https://www.cyberark.com

CyberArk Software Ltd provides Information technology security solutions to protect data, infrastructure, and assets across the enterprise. The company software solutions focused on protecting privileged accounts, credentials, and secrets. Its products and services include Enterprise Password Vault, Privileged Session Manager, Privileged Threat Analytics, CyberArk Privilege Cloud. The company provides a solution on Audit and Compliance, Security and Risk Management, Industry Solutions. Geographically, it generates maximum revenue from the United States and also has a presence in the United Kingdom; Europe, the Middle East and Africa and Other countries.