Manhattan Associates (STU:MHT) ROCE % : 75.68% (As of Mar. 2024)

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What is Manhattan Associates 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. Manhattan Associates's annualized ROCE % for the quarter that ended in Mar. 2024 was 75.68%.

Manhattan Associates ROCE % Historical Data

The historical data trend for Manhattan Associates'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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Manhattan Associates ROCE % Chart

Manhattan Associates Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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66.47

47.80

49.75

57.94

73.70

Manhattan Associates Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															80.94	99.24	98.61	85.18	75.68

Manhattan Associates ROCE % Calculation

Manhattan Associates's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	192.461	/	( ( (538.248 - 297.922)	+	(617.465 - 335.544) )	/ 2 )
	=	192.461	/	( (240.326	+	281.921)	/ 2 )
	=	192.461	/	261.1235
	=	73.70 %

Manhattan Associates's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	212.08	/	( ( (617.465 - 335.544)	+	(620.781 - 342.258) )	/ 2 )
	=	212.08	/	( ( 281.921	+	278.523 )	/ 2 )
	=	212.08	/	280.222
	=	75.68 %

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

Manhattan Associates (STU:MHT) 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.

Manhattan Associates ROCE % Related Terms

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Manhattan Associates (STU:MHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Manhattan Associates Inc (STU:MHT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MANH:USA MANH:Mexico MHT:Germany

Address

2300 Windy Ridge Parkway, Tenth Floor, Atlanta, GA, USA, 30339

Website

https://www.manh.com

Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.