JFrog (FROG) ROCE %

: -8.82% (As of Dec. 2023)

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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. JFrog's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.82%.

JFrog ROCE % Historical Data

The historical data trend for JFrog'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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JFrog Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.51

-3.95

-10.99

-13.42

-11.01

JFrog 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															-15.04	-14.00	-11.32	-10.65	-8.82

JFrog ROCE % Calculation

JFrog'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 )
	=	-75.548	/	( ( (871.221 - 209.572)	+	(972.556 - 262.175) )	/ 2 )
	=	-75.548	/	( (661.649	+	710.381)	/ 2 )
	=	-75.548	/	686.015
	=	-11.01 %

JFrog'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 )
	=	-61.512	/	( ( (919.607 - 234.404)	+	(972.556 - 262.175) )	/ 2 )
	=	-61.512	/	( ( 685.203	+	710.381 )	/ 2 )
	=	-61.512	/	697.792
	=	-8.82 %

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

JFrog (NAS:FROG) 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.

JFrog ROCE % Related Terms

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JFrog (FROG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

270 E. Caribbean Drive, Sunnyvale, CA, USA, 94089

Website

https://www.jfrog.com

JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform that powers and controls the software supply chain, enabling organizations to continuously and securely deliver software updates across any system. Geographically, it derives a majority of revenue from Israel. Its product portfolio includes JFrog Artifactory; JFrog Pipelines; JFrog Xray; JFrog Distribution; JFrog Artifactory Edge; JFrog Mission Control and JFrog Insight.

Executives

Frederic Simon	director	C/O JFROG LTD, 270 E. CARIBBEAN DRIVE, SUNNYVALE CA 94089
Ben Haim Shlomi	director, officer: Chief Executive Officer	C/O JFROG LTD, 270 E CARIBBEAN DRIVE, SUNNYVALE CA 94089
Yoav Landman	director, officer: Chief Technology Officer	C/O JFROG LTD, 270 E CARIBBEAN DRIVE, SUNNYVALE CA 94089
Tali Notman	officer: Chief Revenue Officer	C/O JFROG LTD, 270 E CARIBBEAN DRIVE, SUNNYVALE CA 94089
Yakov (jacob) Shulman	officer: Chief Financial Officer	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Yossi Sela	director, 10 percent owner	GEMINI ISRAEL FUNDS, 9 HAMENOFIM STREET, HERZLIYA PITUACH L3 46725
Elisa Steele	director	1601 CLOVERFIELD BLVD, STE 620 SOUTH, SANTA MONICA CA 90404
Jeff Horing	director	INSIGHT PARTNERS, 680 5TH AVENUE 8TH FLOOR, NEW YORK NY 10019
Yvonne Wassenaar	director	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Meerah Rajavel	director	C/O JFROG LTD., 270 E CARIBBEAN DRIVE, SUNNYVALE CA 94089
Andrew L. Vitus	director, 10 percent owner	C/O SCALE VENTURE PARTNERS, 950 TOWER LANE, SUITE 700, FOSTER CITY CA 94404
Gemini Israel V Limited Partnership	10 percent owner	1 ABBA EBAN AVENUE, MERKAZIM 2001,, BLDG A, 3RD FLOOR, HERZLIYA L3 00000
Scale Venture Partners Iv, L.p.	10 percent owner	950 TOWER LANE, SUITE 1150, FOSTER CITY CA 94404
Stacey Bishop	10 percent owner	950 TOWER LANE, SUITE 700, FOSTER CITY CA 94404
Gemini Partners Investors V L.p.	10 percent owner	1 ABBA EBAN AVENUE, MERKAZIM 2001,, BLDG A, 3RD FLOOR, HERZLIYA L3 00000