Under The Bonnet, Fortinet's (NASDAQ:FTNT) Returns Look Impressive [Yahoo! Finance]
Fortinet, Inc. (FTNT)
Last fortinet, inc. earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
investor.fortinet.com
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. With that in mind, the ROCE of Fortinet NASDAQ:FTNT ) looks great, so lets see what the trend can tell us. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Fortinet, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.35 = US$1.2b ÷ (US$7.3b - US$3.7b) (Based on the trailing twelve months to December 2023) Therefore, Fortinet has an ROCE of 35%. In absolute terms that's a great return and it's even better than the Software i
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News
- Unlocking Q1 Potential of Fortinet (FTNT): Exploring Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Fortinet Is Severely Undervalued (Earnings Preview) [Seeking Alpha]Seeking Alpha
- Fortinet: Potential SASE And AI Gains, And Related Indicators For Earnings Call [Seeking Alpha]Seeking Alpha
- Fortinet Q1 Earnings Preview: It's All About SASE [Seeking Alpha]Seeking Alpha
- Fortinet's (NASDAQ:FTNT) investors will be pleased with their stellar 250% return over the last five years [Yahoo! Finance]Yahoo! Finance
FTNT
Earnings
- 2/6/24 - Beat
FTNT
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- FTNT's page on the SEC website