GitLab (GitLab) ROCE % : -21.52% (As of Jan. 2024)

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What is GitLab 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. GitLab's annualized ROCE % for the quarter that ended in Jan. 2024 was -21.52%.

GitLab ROCE % Historical Data

The historical data trend for GitLab'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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GitLab ROCE % Chart

GitLab Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

-40.87

-77.85

-23.77

-24.69

-24.68

GitLab Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial												-21.54	-27.15	-25.13	-21.35	-21.52

GitLab ROCE % Calculation

GitLab's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-187.44	/	( ( (1169.2 - 306.296)	+	(1317.861 - 662.073) )	/ 2 )
	=	-187.44	/	( (862.904	+	655.788)	/ 2 )
	=	-187.44	/	759.346
	=	-24.68 %

GitLab's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-139.532	/	( ( (1226.896 - 585.922)	+	(1317.861 - 662.073) )	/ 2 )
	=	-139.532	/	( ( 640.974	+	655.788 )	/ 2 )
	=	-139.532	/	648.381
	=	-21.52 %

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

GitLab (NAS:GTLB) 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.

GitLab ROCE % Related Terms

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GitLab (GitLab) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GitLab Inc (NAS:GTLB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GTLB:Mexico

Address

268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503

Website

https://www.about.gitlab.com

GitLab Inc operates on an all-remote model. The company is a technology company whose primary offering is GitLab, a complete DevOps platform delivered as a single application. GitLab is used by a wide range of organizations. The company also provides related training and professional services. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. The principal markets for GitLab are currently located in the United States, Europe, and Asia Pacific. The company is focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

Executives

Robin Schulman	officer: Chief Legal Officer & Corp Sec	C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Sytse Sijbrandij	director, officer: Chief Executive Officer	C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Brian G Robins	officer: Chief Financial Officer	21355 RIDGETOP CIRCLE, ATTN: GENERAL COUNSEL, DULLES VA 20166
Erin Mannix	officer: Chief Accounting Officer	801 LAKEVIEW DRIVE, BLUE BELL PA 19422
Mark Porter	director	C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Susan L Bostrom	director
Iconiq Strategic Partners Iv, L.p.	10 percent owner	394 PACIFIC AVENUE, SECOND FLOOR, SAN FRANCISCO CA 94111
Matthew Jacobson	director, 10 percent owner	C/O DATADOG, INC., 45TH FLOOR, NEW YORK NY 10001
Iconiq Strategic Partners Iii, L.p.	10 percent owner	394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Christopher Lee Weber	officer: Chief Revenue Officer	C/O UIPATH, INC., 452 5TH AVENUE, 22ND FLOOR, NEW YORK NY 10018
Michael Eugene Mcbride	officer: Chief Revenue Officer	C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Dale R Brown	officer: Principal Accounting Officer	1060 E ARQUES AVE, SUNNYVALE CA 94085
Gv 2021 Gp, L.l.c.	other: Member of 10% Group	1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Divesh Makan	10 percent owner	C/O ICONIQ CAPITAL, 394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Howard Hartenbaum	10 percent owner	2480 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025