Quantum (FRA:QNT2) ROCE % : -42.31% (As of Jun. 2023)

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What is Quantum 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. Quantum's annualized ROCE % for the quarter that ended in Jun. 2023 was -42.31%.

Quantum ROCE % Historical Data

The historical data trend for Quantum'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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Quantum ROCE % Chart

Quantum Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1,849.07

-34.85

-49.50

-49.09

Quantum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-50.65	-47.44	6.15	-56.92	-42.31

Quantum ROCE % Calculation

Quantum's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-23.764	/	( ( (183.085 - 143.296)	+	(199.556 - 142.525) )	/ 2 )
	=	-23.764	/	( (39.789	+	57.031)	/ 2 )
	=	-23.764	/	48.41
	=	-49.09 %

Quantum's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-25.272	/	( ( (199.556 - 142.525)	+	(194.277 - 131.855) )	/ 2 )
	=	-25.272	/	( ( 57.031	+	62.422 )	/ 2 )
	=	-25.272	/	59.7265
	=	-42.31 %

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

Quantum (FRA:QNT2) 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.

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Quantum (FRA:QNT2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quantum Corp (FRA:QNT2) » Definitions » ROCE %

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QMCO:USA

Address

224 Airport Parkway, Suite 550, San Jose, CA, USA, 95110

Website

https://www.quantum.com

Quantum Corp is a United States-based company engaged in providing scale-out storage, archive, and data protection for small businesses and large multinational enterprises. Its solutions capture, share, manage and preserve digital assets throughout the data lifecycle. The scale-out portfolio offerings enable customers to manage large unstructured data sets, provide ingest capabilities, real-time collaboration, scalability, and protection. It derives primary revenues from the products based on tape technology. A majority of the firm's revenue is generated in the Americas, with the rest coming from Europe and Asia-Pacific.

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