Veritone (STU:VEK) ROCE % : -51.11% (As of Mar. 2024)

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What is Veritone 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. Veritone's annualized ROCE % for the quarter that ended in Mar. 2024 was -51.11%.

Veritone ROCE % Historical Data

The historical data trend for Veritone'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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Veritone ROCE % Chart

Veritone Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-117.54

-66.76

-29.96

-6.83

-27.86

Veritone 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															-40.38	-47.02	-50.57	34.30	-51.11

Veritone ROCE % Calculation

Veritone'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 )
	=	-54.31	/	( ( (400.966 - 182.497)	+	(344.621 - 173.153) )	/ 2 )
	=	-54.31	/	( (218.469	+	171.468)	/ 2 )
	=	-54.31	/	194.9685
	=	-27.86 %

Veritone'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 )
	=	-81.892	/	( ( (344.621 - 173.153)	+	(330.87 - 181.857) )	/ 2 )
	=	-81.892	/	( ( 171.468	+	149.013 )	/ 2 )
	=	-81.892	/	160.2405
	=	-51.11 %

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

Veritone (STU:VEK) 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.

Veritone ROCE % Related Terms

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Veritone (STU:VEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veritone Inc (STU:VEK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VERI:USA 0LP5:UK VEK:Germany

Address

2420 17th Street, Office 3002, Denver, CO, USA, 80202

Website

https://www.veritone.com

Veritone Inc is a provider of artificial intelligence (AI) computing solutions and services. The company generates revenue through the delivery of its 1) Software Products and Services which consists of revenues generated from Commercial Enterprise and Government and Regulated Industries customers using the company's aiWARE platform and hiring solutions, any related support and maintenance services, and any related professional services associated with the deployment and/or implementation of such solutions, 2) Managed Services which consist of revenues generated from Commercial Enterprise customers using company's content licensing services, advertising agency, influencer management and related services. The company has a presence in the United States and Israel.

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