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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. Arista Networks's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.43%.
The historical data trend for Arista Networks'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.
Arista Networks Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 26.58 | 18.51 | 21.52 | 30.22 | 33.39 |
Arista Networks Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 33.89 | 33.96 | 35.06 | 33.55 | 31.43 |
Arista Networks'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 ) | |||||
= | 2257.249 | / | ( ( (6775.41 - 1293.531) | + | (9946.806 - 1909.606) ) | / 2 ) | |
= | 2257.249 | / | ( (5481.879 | + | 8037.2) | / 2 ) | |
= | 2257.249 | / | 6759.5395 | ||||
= | 33.39 % |
Arista Networks's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 2640.564 | / | ( ( (9946.806 - 1909.606) | + | (10550.179 - 1783.064) ) | / 2 ) | |
= | 2640.564 | / | ( ( 8037.2 | + | 8767.115 ) | / 2 ) | |
= | 2640.564 | / | 8402.1575 | ||||
= | 31.43 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Arista Networks (NYSE:ANET) 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.
Thank you for viewing the detailed overview of Arista Networks's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yvonne Wassenaar | director | C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140 |
Jayshree Ullal | director, officer: President and CEO | C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Kenneth Duda | officer: SVP and CTO | C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
John F Mccool | officer: Chief Platform Officer, | C/O ARISTA NETWORKS, 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Charles H Giancarlo | director | 170 WEST TASMAN DRIVE, SAN JOSE X1 95134 |
Marc Taxay | officer: SVP and General Counsel | 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Ita M Brennan | officer: SVP & Chief Financial Officer | 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Kelly Bodnar Battles | director | 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Anshul Sadana | officer: SVP, Customer Engineering | C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Andreas Bechtolsheim | director, 10 percent owner, officer: Chief Development Officer | C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Ann Mather | director | |
Lewis Chew | director | DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103 |
Daniel Scheinman | director | C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Nikos Theodosopoulos | director | C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Manuel Felix Rivelo | officer: SVP, Chief Customer Officer | 2312 MAGNOLIA BLVD. WEST, SEATTLE WA 98199 |
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