Optiva (TSX:OPT) ROCE % : -13.26% (As of Dec. 2023)

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What is Optiva 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. Optiva's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.26%.

Optiva ROCE % Historical Data

The historical data trend for Optiva'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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Optiva ROCE % Chart

Optiva Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.10

-52.32

56.22

18.26

-1.81

Optiva Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.03	0.98	10.03	-4.20	-13.26

Optiva ROCE % Calculation

Optiva'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 )
	=	-1.583	/	( ( (117.671 - 28.706)	+	(113.116 - 26.871) )	/ 2 )
	=	-1.583	/	( (88.965	+	86.245)	/ 2 )
	=	-1.583	/	87.605
	=	-1.81 %

Optiva's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-11.912	/	( ( (115.919 - 22.509)	+	(113.116 - 26.871) )	/ 2 )
	=	-11.912	/	( ( 93.41	+	86.245 )	/ 2 )
	=	-11.912	/	89.8275
	=	-13.26 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Optiva (TSX:OPT) 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.

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Optiva (TSX:OPT) Business Description

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RKNEF:USA

Address

2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7

Website

https://www.optiva.com

Optiva Inc is engaged in offering next-generation software solutions to help the telco industry and customers leverage today's digital technologies. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. When deployed in the cloud, Optiva solutions deliver the most impact for the best value. The company's vision, market knowledge, analytical insights and Customer Success Program ensure customers are equipped to achieve their strategic business goals today and into the future.