Elastic NV (Elastic NV) ROCE % : -5.94% (As of Jan. 2024)

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What is Elastic NV 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. Elastic NV's annualized ROCE % for the quarter that ended in Jan. 2024 was -5.94%.

Elastic NV ROCE % Historical Data

The historical data trend for Elastic NV'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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Elastic NV ROCE % Chart

Elastic NV Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-59.61

-44.92

-24.45

-22.52

-18.47

Elastic NV Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-25.33	-13.14	-11.26	-5.07	-5.94

Elastic NV ROCE % Calculation

Elastic NV's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-191.718	/	( ( (1642.931 - 593.33)	+	(1743.482 - 716.619) )	/ 2 )
	=	-191.718	/	( (1049.601	+	1026.863)	/ 2 )
	=	-191.718	/	1038.232
	=	-18.47 %

Elastic NV's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-71.344	/	( ( (1757.846 - 687.231)	+	(2058.922 - 728.272) )	/ 2 )
	=	-71.344	/	( ( 1070.615	+	1330.65 )	/ 2 )
	=	-71.344	/	1200.6325
	=	-5.94 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Elastic NV (NYSE:ESTC) 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.

Elastic NV ROCE % Related Terms

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Elastic NV (Elastic NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Elastic NV (NYSE:ESTC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ESTC:Mexico 3E1:Germany 3E1:Germany E2ST34:Brazil

Address

Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website

https://www.elastic.co

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

Executives

Alison Gleeson	director	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Shelley B Leibowitz	director	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Carolyn Herzog	officer: Chief Legal Officer	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ken Exner	officer: Chief Product Officer	C/O ELASTIC NV, 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ashutosh Kulkarni	officer: Chief Executive Officer	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Shay Banon	director, 10 percent owner, officer: CEO and Chairman	C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Janesh Moorjani	officer: Chief Financial Officer	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Chetan Puttagunta	director	2855 SAND HILL ROAD, MENLO PARK CA 94025
Auvil Paul R. Iii	director	C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089
Sohaib Abbasi	director	100 EAST DAVIE STREET, RALEIGH NC 27601
Jonathan Chadwick	director	3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Garrett W.h. Baird	officer: SVP and General Counsel	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Peter H Fenton	director, 10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Paul Andrew Appleby	officer: President, Worldwide Field Ops	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Steven Schuurman	director, 10 percent owner	C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040