Smartsheet (FRA:3SE) ROCE % : -10.55% (As of Jan. 2024)

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What is Smartsheet 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. Smartsheet's annualized ROCE % for the quarter that ended in Jan. 2024 was -10.55%.

Smartsheet ROCE % Historical Data

The historical data trend for Smartsheet'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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Smartsheet ROCE % Chart

Smartsheet Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-28.35

-19.69

-30.19

-41.27

-20.33

Smartsheet Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-31.98	-23.40	-25.38	-24.64	-10.55

Smartsheet ROCE % Calculation

Smartsheet's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-110.419	/	( ( (1030.274 - 533.287)	+	(1227.806 - 638.79) )	/ 2 )
	=	-110.419	/	( (496.987	+	589.016)	/ 2 )
	=	-110.419	/	543.0015
	=	-20.33 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-60.844	/	( ( (1139.462 - 574.614)	+	(1227.806 - 638.79) )	/ 2 )
	=	-60.844	/	( ( 564.848	+	589.016 )	/ 2 )
	=	-60.844	/	576.932
	=	-10.55 %

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

Smartsheet (FRA:3SE) 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.

Smartsheet ROCE % Related Terms

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Smartsheet (FRA:3SE) Business Description

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SMAR:USA 3SE:Germany

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500 108th Avenue North East, Suite 200, Bellevue, WA, USA, 98004

Website

https://www.smartsheet.com

Smartsheet is a provider of collaborative work management software delivered via a cloud-based, software-as-a-service model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases. Smartsheet's offering supports workflow management across teams, provides real-time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per-user basis, and incremental charges for added platform capabilities.

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