Mimecast (Mimecast) ROCE % : 9.52% (As of Dec. 2021)

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What is Mimecast 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. Mimecast's annualized ROCE % for the quarter that ended in Dec. 2021 was 9.52%.

Mimecast ROCE % Historical Data

The historical data trend for Mimecast'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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Mimecast ROCE % Chart

Mimecast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

ROCE %

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-3.19

-6.28

0.36

1.21

6.65

Mimecast Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															8.97	3.87	7.21	13.11	9.52

Mimecast ROCE % Calculation

Mimecast's annualized ROCE % for the fiscal year that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	34.245	/	( ( (729.834 - 288.675)	+	(934.707 - 345.772) )	/ 2 )
	=	34.245	/	( (441.159	+	588.935)	/ 2 )
	=	34.245	/	515.047
	=	6.65 %

Mimecast's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	63.952	/	( ( (985.39 - 336.546)	+	(1058.885 - 364.37) )	/ 2 )
	=	63.952	/	( ( 648.844	+	694.515 )	/ 2 )
	=	63.952	/	671.6795
	=	9.52 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

Mimecast (NAS:MIME) 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.

Mimecast ROCE % Related Terms

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Mimecast (Mimecast) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Finsbury Avenue, London, GBR, EC2M 2PF

Website

https://www.mimecast.com

Mimecast Ltd is a provider of next generation cloud security and risk management services for email and corporate information. Its integrated suite of proprietary cloud services protects customers of all sizes from the business and data security risks they are exposed to through their email and other corporate systems. Its Email Security 3.0 and Cyber Resilience Extension offerings are designed to protect customers from rapidly changing security environment. Its Email Security 3.0 strategy addresses threats in three distinct zones: at the email perimeter (Zone 1); inside the network and the organization (Zone 2); and beyond the perimeter (Zone 3). Additionally, its Cyber Resilience Extensions expand resilience to other critical elements of an organization's digital infrastructure.

Executives

Karen M. Anderson	officer: Chief Human Resources Officer	C/O MIMECAST LTD., 191 SPRING STREET, LEXINGTON MA 02421
Potier Helene Auriol	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Bernd Leger	officer: Chief Marketing Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
David Raissipour	officer: Chief Tech. & Product Officer	C/O CARBONITE, INC. 2 AVENUE DE LAFAYETTE BOSTON MA 02111
Heather Bentley	officer: SVP, Customer Success & Supp.	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Neil Murray	director	CITYPOINT ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y9AW
Rafeal E. Brown	officer: Chief Financial Officer	1 ROGERS STREET, CAMBRIDGE MA 02142
Robert P Nault	officer: Sr. Vice President and GC	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Peter Bauer	director, officer: Chief Executive Officer	CITYPOINT, ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y 9AW
Michael Paisley	officer: Chief Security & Res. Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Alpna J. Doshi	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Stephen M Ward	director	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Shahriar Rafimayeri	officer: Chief Information Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Christopher Fitzgerald	director	C/O MIMECAST LTD, MIMECAST NA INC. 191 SPRING STREET LEXINGTON MA 02421
Hagi Schwartz	director	C/O MIMECAST LIMITED, MIMECAST NA, INC., 191 SPRING STREET, LEXINGTON MA 02421