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Schrodinger ROCE %

: -22.26% (As of Jun. 2020)
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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. Schrodinger's annualized ROCE % for the quarter that ended in Jun. 2020 was -22.26%.


Schrodinger ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Schrodinger Annual Data
Dec17 Dec18 Dec19
ROCE % -47.31 -41.77 -37.96

Schrodinger Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -38.44 -27.56 -22.59 -22.26

Schrodinger ROCE % Calculation

Schrodinger's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=-38.715/( ( (120.73 - 27.005) + (155.27 - 45.02) )/ 2 )
=-38.715/( (93.725+110.25)/ 2 )
=-38.715/101.9875
=-37.96 %

Schrodinger's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2020 )  (Q: Mar. 2020 )(Q: Jun. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2020 )  (Q: Mar. 2020 )(Q: Jun. 2020 )
=-68.348/( ( (349.872 - 42.166) + (349.551 - 43.048) )/ 2 )
=-68.348/( ( 307.706 + 306.503 )/ 2 )
=-68.348/307.1045
=-22.26 %

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Schrodinger  (NAS:SDGR) 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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