Snap (SNAP) ROCE %

: -14.16% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

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. Snap's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.16%.

Snap ROCE % Historical Data

The historical data trend for Snap'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.

* Premium members only.

Snap Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-33.98

-21.07

-8.27

-20.44

-18.65

Snap Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-15.99	-18.57	-21.29	-21.24	-14.16

Snap ROCE % Calculation

Snap'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 )
	=	-1272.399	/	( ( (8029.538 - 1215.599)	+	(7967.758 - 1134.118) )	/ 2 )
	=	-1272.399	/	( (6813.939	+	6833.64)	/ 2 )
	=	-1272.399	/	6823.7895
	=	-18.65 %

Snap'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 )
	=	-958.788	/	( ( (7722.905 - 1009.572)	+	(7967.758 - 1134.118) )	/ 2 )
	=	-958.788	/	( ( 6713.333	+	6833.64 )	/ 2 )
	=	-958.788	/	6773.4865
	=	-14.16 %

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

Snap (NYSE:SNAP) 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.

Snap ROCE % Related Terms

Thank you for viewing the detailed overview of Snap's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Snap (SNAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snap Inc (NYSE:SNAP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SNAP:Mexico 1SNAP:Italy 1SId:UK 0RNH:UK 1SI:Germany 1SI:Germany 1SI:Germany 1SI:Germany SNAP:Austria SNAP:Argentina

Address

3000 31st Street, Santa Monica, CA, USA, 90405

Website

https://www.snap.com

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. Snap generates nearly all its revenue from advertising with 70% coming from North America. The firm is headquartered in Venice, California.

Executives

Rebecca Morrow	officer: CAO and Controller	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Derek Andersen	officer: Chief Financial Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael J. O'sullivan	officer: General Counsel	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Eric Young	officer: SVP of Engineering	3000 31ST STREET, SANTA MONICA CA 90405
Robert C. Murphy	director, officer: Chief Technology Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Evan Spiegel	director, officer: Chief Executive Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jerry James Hunter	officer: Senior VP, Engineering	3000 31ST STREET, SANTA MONICA CA 90405
Patrick Spence	director	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Poppy Thorpe	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Jeremi Gorman	officer: Chief Business Officer	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Joanna Coles	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Fidel Vargas	director	3000 31ST STREET, C/O SNAP INC, SANTA MONICA CA 90405
Jared Grusd	officer: Chief Strategy Officer	C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405
Elizabeth Jenkins	director	C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405
Michael Lynton	director	2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067