Meta Platforms (MIL:1FB) ROCE % : 33.34% (As of Sep. 2024)

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What is Meta Platforms 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. Meta Platforms's annualized ROCE % for the quarter that ended in Sep. 2024 was 33.34%.

Meta Platforms ROCE % Historical Data

The historical data trend for Meta Platforms'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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Meta Platforms ROCE % Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.23

23.86

33.92

19.70

26.52

Meta Platforms 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															31.48	34.98	29.22	30.77	33.34

Meta Platforms ROCE % Calculation

Meta Platforms'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 )
	=	43900.458	/	( ( (175326.288 - 25512.544)	+	(210564.291 - 29307.32) )	/ 2 )
	=	43900.458	/	( (149813.744	+	181256.971)	/ 2 )
	=	43900.458	/	165535.3575
	=	26.52 %

Meta Platforms'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 )
	=	64980.12	/	( ( (213891.102 - 25086.716)	+	(231023.608 - 30030.33) )	/ 2 )
	=	64980.12	/	( ( 188804.386	+	200993.278 )	/ 2 )
	=	64980.12	/	194898.832
	=	33.34 %

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

Meta Platforms (MIL:1FB) 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.

Meta Platforms ROCE % Related Terms

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Meta Platforms Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meta Platforms Inc (MIL:1FB) » Definitions » ROCE %

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Address

1 Meta Way, Menlo Park, CA, USA, 94025

Website

https://about.meta.com

Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.

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