Roku (LTS:0KXI) ROCE % : -4.71% (As of Sep. 2024)

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What is Roku 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. Roku's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.71%.

Roku ROCE % Historical Data

The historical data trend for Roku'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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Roku ROCE % Chart

Roku Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.47

-1.05

9.39

-14.58

-22.13

Roku 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															-45.25	-1.41	-6.17	-9.50	-4.71

Roku ROCE % Calculation

Roku'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 )
	=	-698.7	/	( ( (4412.601 - 1083.273)	+	(4261.792 - 1275.527) )	/ 2 )
	=	-698.7	/	( (3329.328	+	2986.265)	/ 2 )
	=	-698.7	/	3157.7965
	=	-22.13 %

Roku'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 )
	=	-143.052	/	( ( (4104.374 - 1096.559)	+	(4303.416 - 1240.608) )	/ 2 )
	=	-143.052	/	( ( 3007.815	+	3062.808 )	/ 2 )
	=	-143.052	/	3035.3115
	=	-4.71 %

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

Roku (LTS:0KXI) 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.

Roku ROCE % Related Terms

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Roku Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Roku Inc (LTS:0KXI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ROKU:USA ROKU:Mexico 1ROKU:Italy R35:Germany R1KU34:Brazil

Address

1155 Coleman Avenue, San Jose, CA, USA, 95110

Website

https://www.roku.com

Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.

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