Market Cap : 4.75 B | Enterprise Value : 5.95 B | PE Ratio : 9.02 | PB Ratio : 1.10 |
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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. Synnex's annualized ROCE % for the quarter that ended in Nov. 2020 was 16.48%.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Synnex's annualized ROCE % for the fiscal year that ended in Nov. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Nov. 2020 ) | (A: Nov. 2019 ) | (A: Nov. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Nov. 2020 ) | (A: Nov. 2019 ) | (A: Nov. 2020 ) | |||||
= | 831.378 | / | ( ( (11697.96 - 4607.122) | + | (13468.59 - 5630.092) ) | / 2 ) | |
= | 831.378 | / | ( (7090.838 | + | 7838.498) | / 2 ) | |
= | 831.378 | / | 7464.668 | ||||
= | 11.14 % |
Synnex's ROCE % of for the quarter that ended in Nov. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Nov. 2020 ) | (Q: Aug. 2020 ) | (Q: Nov. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Nov. 2020 ) | (Q: Aug. 2020 ) | (Q: Nov. 2020 ) | |||||
= | 1274.336 | / | ( ( (13263.107 - 5632.148) | + | (13468.59 - 5630.092) ) | / 2 ) | |
= | 1274.336 | / | ( ( 7630.959 | + | 7838.498 ) | / 2 ) | |
= | 1274.336 | / | 7734.7285 | ||||
= | 16.48 % |
Note: The EBIT data used here is four times the quarterly (Nov. 2020) EBIT data.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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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