Roku (ROKU) Return on Invested Capital [ROIC] (2020 - 2023)
Roku's Return on Invested Capital [ROIC] was -34.20% in Q4 2023, down 15.20 percentage points from -19.00% a year earlier but up 4.56 percentage points from the prior quarter.
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Analysis
Roku (ROKU) Return on Invested Capital [ROIC] (2020 - 2023) Analysis & Trends
For FY2023, Return on Invested Capital [ROIC] at Roku came in at -31.36%, down 12.35 percentage points from FY2022.
- Return on Invested Capital [ROIC] shows a three-year change of -29.63 percentage points (FY2020 to FY2023).
- In earlier years, Return on Invested Capital [ROIC] was -19.02% in FY2022 (-30.01 pp), 10.99% in FY2021 (+12.72 pp) and -1.73% in FY2020.
- Quarterly Return on Invested Capital [ROIC] has moved between -38.76% (Q3 2023) and 10.28% (Q3 2021) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for eight straight quarters, with an average year-over-year change of -20.24 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2021 (a gain of 18.81 percentage points); the worst was Q1 2023 (a drop of 32.00 percentage points).
- Per Business Quant data, ROKU's Return on Invested Capital [ROIC] in the three quarters before Q4 2023 was -38.76% (Q3 2023), -28.93% (Q2 2023) and -27.28% (Q1 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | -2.11% |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 111.71% |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | - |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | - |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 2.98% |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 0.45% |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | - |
| 10 | Roku | 22.61 Bn | 13.06 Bn | 673.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | -34.20% |
| Sep 30, 2023 | -38.76% |
| Jun 30, 2023 | -28.93% |
| Mar 31, 2023 | -27.28% |
| Dec 31, 2022 | -19.00% |
| Sep 30, 2022 | -9.04% |
| Jun 30, 2022 | -1.51% |
| Mar 31, 2022 | 4.72% |
| Dec 31, 2021 | 8.35% |
| Sep 30, 2021 | 10.28% |
| Jun 30, 2021 | 8.56% |
| Mar 31, 2021 | 5.60% |
| Dec 31, 2020 | -1.41% |
| Mar 31, 2020 | -13.21% |
API Access
Roku Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ROKU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "ROKU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ROKU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();