EQIX (Equinix) ROCE % : 6.14% (As of Sep. 2024)

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What is Equinix 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. Equinix's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.14%.

Equinix ROCE % Historical Data

The historical data trend for Equinix'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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Equinix ROCE % Chart

Equinix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.78

3.94

3.68

4.33

5.27

Equinix Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.35	5.04	5.21	6.23	6.14

Equinix ROCE % Calculation

Equinix'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 )
	=	1526.252	/	( ( (30310.742 - 1838.298)	+	(32650.724 - 3162.25) )	/ 2 )
	=	1526.252	/	( (28472.444	+	29488.474)	/ 2 )
	=	1526.252	/	28980.459
	=	5.27 %

Equinix's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1868	/	( ( (32854 - 3068)	+	(35438 - 4370) )	/ 2 )
	=	1868	/	( ( 29786	+	31068 )	/ 2 )
	=	1868	/	30427
	=	6.14 %

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

Equinix (NAS:EQIX) 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.

Equinix ROCE % Related Terms

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Equinix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equinix Inc (NAS:EQIX) » Definitions » ROCE %

Comparable Companies

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0II4:UK EQN2:Germany EQN2:Germany EQIX34:Brazil EQIX:Austria

Address

One Lagoon Drive, Redwood City, CA, USA, 94065

Website

https://www.equinix.com

Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

Executives

Adaire Fox-martin	director, Director	C/O EQUINIX, INC, ONE LAGOON DRIVE, REDWOOD CITY CA 94065
Keith D Taylor	officer: VP Finance, CAO	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Brandi Galvin	officer: General Counsel	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Scott Crenshaw	officer: EVP, GM Digital Services	ONE FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78133
Michael Earl Campbell	officer: Chief Sales Officer	1 LAGOON DRIVE, REDWOOD CITY CA 94065
Simon Miller	officer: Chief Accounting Officer	1 LAGOON DR, REDWOOD CITY CA 94065
Charles J Meyers	officer: CEO and President	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Jonathan Lin	officer: EVP, GM, Data Center Services	C/O EQUINIX, INC., ONE LAGOON DRIVE, REDWOOD CITY CA 94065
Camp Peter Van	director, officer: Chief Executive Officer	C/O PACKETEER INC, 10201 N DEANZA BLVD, CUPERTINO CA 95014
Gary Hromadko	director, 10 percent owner, other: Affiliate of Director	301 VELOCITY WAY 5TH FLOOR, FOSTER CITY CA 94404
Fidelma Russo	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Karl Strohmeyer	officer: Chief Customer & Rev Officer	ONE LAGOON DRIVE, 4TH FLOOR, REDWOOD CITY CA 94065
Thomas S Olinger	director	C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Jeetendra I Patel	director	200 E. RANDOLPH DRIVE, CHICAGO IL 60601