Magnet Forensics (TSX:MAGT) ROCE % : 20.30% (As of Dec. 2022)

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What is Magnet Forensics 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. Magnet Forensics's annualized ROCE % for the quarter that ended in Dec. 2022 was 20.30%.

Magnet Forensics ROCE % Historical Data

The historical data trend for Magnet Forensics'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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Magnet Forensics ROCE % Chart

Magnet Forensics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-12.01

11.68

117.79

20.71

5.10

Magnet Forensics Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial									7.65	-4.77	-5.56	8.70	20.30

Magnet Forensics ROCE % Calculation

Magnet Forensics's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	7.53	/	( ( (207.333 - 70.935)	+	(260.351 - 101.181) )	/ 2 )
	=	7.53	/	( (136.398	+	159.17)	/ 2 )
	=	7.53	/	147.784
	=	5.10 %

Magnet Forensics's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	30.8	/	( ( (228.534 - 84.301)	+	(260.351 - 101.181) )	/ 2 )
	=	30.8	/	( ( 144.233	+	159.17 )	/ 2 )
	=	30.8	/	151.7015
	=	20.30 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Magnet Forensics (TSX:MAGT) 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.

Magnet Forensics ROCE % Related Terms

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Magnet Forensics (TSX:MAGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Magnet Forensics Inc (TSX:MAGT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2220 University Avenue East, Suite 300, Waterloo, ON, CAN, N2K0A8

Website

https://www.magnetforensics.com

Magnet Forensics Inc is a developer of digital investigation software. It acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices and cloud services.

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