Rimini Street (FRA:0QH) ROCE % : 183.85% (As of Dec. 2024)

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What is Rimini Street 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. Rimini Street's annualized ROCE % for the quarter that ended in Dec. 2024 was 183.85%.

Rimini Street ROCE % Historical Data

The historical data trend for Rimini Street'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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Rimini Street ROCE % Chart

Rimini Street Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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88.43

16.84

96.90

-60.95

Rimini Street Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															97.46	29.96	4.70	-459.30	183.85

Rimini Street ROCE % Calculation

Rimini Street's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-28.973	/	( ( (361.111 - 308.51)	+	(352.455 - 309.985) )	/ 2 )
	=	-28.973	/	( (52.601	+	42.47)	/ 2 )
	=	-28.973	/	47.5355
	=	-60.95 %

Rimini Street's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	56.744	/	( ( (309.802 - 290.544)	+	(352.455 - 309.985) )	/ 2 )
	=	56.744	/	( ( 19.258	+	42.47 )	/ 2 )
	=	56.744	/	30.864
	=	183.85 %

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

Rimini Street (FRA:0QH) 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.

Rimini Street ROCE % Related Terms

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Rimini Street Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rimini Street Inc (FRA:0QH) » Definitions » ROCE %

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RMNI:USA

Address

1700 South Pavilion Center Drive, Suite 330, Las Vegas, NV, USA, 89135

Website

https://www.riministreet.com

Rimini Street Inc and its subsidiaries are providers of end-to-end enterprise software support, products, and services. The Company offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize clients' enterprise applications, database, and technology software platforms. The Company derives revenues from clients by providing subscription support services for enterprise resource planning, customer relationship management, product lifecycle management database, and technology software systems. Geographically, the company generates the majority of its revenue from the United States of America and the International market.

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