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Snowflake ROCE %

: -15.57% (As of Jan. 2021)
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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. Snowflake's annualized ROCE % for the quarter that ended in Jan. 2021 was -15.57%.


Snowflake ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Snowflake Annual Data
Jan19 Jan20 Jan21
ROCE % -29.94 -58.91 -18.99

Snowflake Quarterly Data
Jan19 Oct19 Jan20 Jul20 Oct20 Jan21
ROCE % Premium Member Only -58.21 -57.10 0.00 -22.13 -15.57

Snowflake ROCE % Calculation

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

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2021 )  (A: Jan. 2020 )(A: Jan. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2021 )  (A: Jan. 2020 )(A: Jan. 2021 )
=-543.937/( ( (1012.72 - 416.455) + (5921.739 - 789.264) )/ 2 )
=-543.937/( (596.265+5132.475)/ 2 )
=-543.937/2864.37
=-18.99 %

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

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Jan. 2021 )  (Q: Oct. 2020 )(Q: Jan. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jan. 2021 )  (Q: Oct. 2020 )(Q: Jan. 2021 )
=-801.588/( ( (5712.889 - 547.659) + (5921.739 - 789.264) )/ 2 )
=-801.588/( ( 5165.23 + 5132.475 )/ 2 )
=-801.588/5148.8525
=-15.57 %

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

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Snowflake  (NYSE:SNOW) 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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