Roku (STU:R35) ROCE % : -6.18% (As of Mar. 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 Mar. 2024 was -6.18%.

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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-8.51

-1.01

9.62

-15.05

-21.79

Roku 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															-22.99	-13.11	-42.61	-10.14	-6.18

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 )
	=	-640.708	/	( ( (4165.495 - 1022.61)	+	(3908.063 - 1169.658) )	/ 2 )
	=	-640.708	/	( (3142.885	+	2738.405)	/ 2 )
	=	-640.708	/	2940.645
	=	-21.79 %

Roku'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 )
	=	-169.576	/	( ( (3908.063 - 1169.658)	+	(3819.615 - 1066.966) )	/ 2 )
	=	-169.576	/	( ( 2738.405	+	2752.649 )	/ 2 )
	=	-169.576	/	2745.527
	=	-6.18 %

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

Roku (STU:R35) 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 (STU:R35) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Roku Inc (STU:R35) » 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 is the leading streaming platform in the U.S. by hours watched with 87.4 billion hours of content streamed in 2022. The firm's namesake operating system is used not only in Roku's own hardware but in cobranded TVs and soundbars from manufacturers like TCL, Onn, and Hisense. Roku generates revenue from advertising, distribution fees, hardware sales, OS licensing, and subscription sales.

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