DocuSign (STU:DS3) ROCE %

: 10.08% (As of Jan. 2024)

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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. DocuSign's annualized ROCE % for the quarter that ended in Jan. 2024 was 10.08%.

DocuSign ROCE % Historical Data

The historical data trend for DocuSign'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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DocuSign Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-15.56

-15.54

-5.20

-8.70

9.47

DocuSign 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															1.54	3.47	9.74	14.02	10.08

DocuSign ROCE % Calculation

DocuSign's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	92.28	/	( ( (2795.804 - 2049.323)	+	(2727.644 - 1524.45) )	/ 2 )
	=	92.28	/	( (746.481	+	1203.194)	/ 2 )
	=	92.28	/	974.8375
	=	9.47 %

DocuSign'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 )
	=	115.488	/	( ( (3160.733 - 2073.192)	+	(2727.644 - 1524.45) )	/ 2 )
	=	115.488	/	( ( 1087.541	+	1203.194 )	/ 2 )
	=	115.488	/	1145.3675
	=	10.08 %

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

DocuSign (STU:DS3) 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.

DocuSign ROCE % Related Terms

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DocuSign (STU:DS3) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » DocuSign Inc (STU:DS3) » Definitions » ROCE %

Comparable Companies

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DOCU:USA DOCU:Mexico D1OC34:Brazil

Address

221 Main Street, Suite 1550, San Francisco, CA, USA, 94105

Website

https://www.docusign.com

DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.

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