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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. Switch's annualized ROCE % for the quarter that ended in Sep. 2022 was 2.19%.
The historical data trend for Switch'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.
Switch Annual Data | ||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||
ROCE % | Get a 7-Day Free Trial | 1.45 | 4.19 | 4.17 | 3.96 | 2.73 |
Switch Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
ROCE % | Get a 7-Day Free Trial | 2.05 | -0.70 | 5.89 | 55.19 | 2.19 |
Switch's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | 65.051 | / | ( ( (2114.456 - 103.6) | + | (2918.618 - 168.586) ) | / 2 ) | |
= | 65.051 | / | ( (2010.856 | + | 2750.032) | / 2 ) | |
= | 65.051 | / | 2380.444 | ||||
= | 2.73 % |
Switch's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2022 ) | (Q: Jun. 2022 ) | (Q: Sep. 2022 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2022 ) | (Q: Jun. 2022 ) | (Q: Sep. 2022 ) | |||||
= | 64.84 | / | ( ( (3110.107 - 224.671) | + | (3301.263 - 261.637) ) | / 2 ) | |
= | 64.84 | / | ( ( 2885.436 | + | 3039.626 ) | / 2 ) | |
= | 64.84 | / | 2962.531 | ||||
= | 2.19 % |
(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.
* 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.
Switch (NYSE:SWCH) 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.
Thank you for viewing the detailed overview of Switch's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas A Thomas | director | 5241 SPRING MOUNTAIN ROAD, LAS VEGAS NV 89150 |
Teresa A. Borden | officer: Chief Construction Officer | C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118 |
Rob Roy | director, 10 percent owner, officer: Chief Executive Officer | 7135 S. DECATUR BLVD, LAS VEGAS NV 89118 |
Erin Thomas Morton | 10 percent owner, officer: President and General Counsel | 7135 S. DECATUR BLVD, LAS VEGAS NV 89118 |
Stella Roy | 10 percent owner | 410 S. RAMPART BLVD., SUITE 350, LAS VEGAS NV 89145 |
Jonathan H King | officer: Chief Revenue Officer | C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118 |
Jason Genrich | director | C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118 |
Melissa Young | officer: Chief Information Officer | C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118 |
First St Switch Llc | 10 percent owner | 1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052 |
Jeffrey Alan Troesh | 10 percent owner | 1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052 |
Eastern Capital Group Llc | 10 percent owner | 1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052 |
Family Foundation Troesh | 10 percent owner | 1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052 |
Angela N Archon | director | 294 ROUTE 100, BUILDING 1, SOMERS NY 10589 |
Liane J Pelletier | director | 10700 NE 4TH STREET # 4004, BELLEVUE WA 98004 |
Dt Grat Lm, Llc | 10 percent owner | 1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052 |
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