Coursera (STU:90E) EBIT : €-124.3 Mil (TTM As of Mar. 2024)

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What is Coursera EBIT?

Coursera's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €-25.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €-124.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coursera's annualized ROC % for the quarter that ended in Mar. 2024 was -43.96%. Coursera's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -318.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coursera's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -33.55%.

Coursera EBIT Historical Data

The historical data trend for Coursera's EBIT 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.

* Premium members only.

Coursera EBIT Chart

Coursera Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-40.84

-53.67

-126.61

-157.87

-138.84

Coursera Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial													-41.78	-35.56	-37.09	-26.19	-25.43

Competitive Comparison of Coursera's EBIT

For the Education & Training Services subindustry, Coursera's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coursera's EV-to-EBIT Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Coursera's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Coursera's EV-to-EBIT falls into.

Coursera EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-124.3 Mil.

Coursera (STU:90E) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Coursera's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-101.72 * ( 1 - -3.97% )	/	( (240.079	+	241.026)	/ 2 )
=	-105.758284	/	240.5525
=	-43.96 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	844.129	-	114.164	-	( 662.135	-	max(0, 273.504	-	763.39	+	662.135	))
=	240.079

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	842.999	-	113.766	-	( 667.334	-	max(0, 278.38	-	766.587	+	667.334	))
=	241.026

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

2. Joel Greenblatt's definition of Return on Capital:

Coursera's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-101.72	/	( ( (32.23 + max(-166.236, 0))	+	(31.57 + max(-175.111, 0)) )	/	2 )
=	-101.72	/	( ( 32.23	+	31.57 )	/	2 )
=	-101.72	/	31.9
=	-318.87 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(61.822	+	0	+	39.433)	-	(114.164	+	125.839	+	27.488)
=	-166.236

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.594	+	0	+	45.659)	-	(113.766	+	136.511	+	24.087)
=	-175.111

When net working capital is negative, 0 is used.

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

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Coursera's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-124.266	/	370.367
	=	-33.55 %

Coursera EBIT Related Terms

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Coursera (STU:90E) Business Description

Industry

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COUR:USA

Address

381 E. Evelyn Avenue, Mountain View, CA, USA, 94041

Website

https://www.coursera.org

Coursera Inc is an online learning platform that connects learners, educators, and institutions with the goal of providing world-class educational content that is affordable, accessible, and relevant. It combines content, data, and technology into a single, unified platform that is customizable and extensible to both individual learners and institutions. The platform will contain a catalog of high-quality content and credentials, content developed by university and industry partners, data and machine learning drive personalized Learning, effective marketing, and skills Benchmarking and others. The company operates through three reporting segments: Consumer, Enterprise, and Degrees. Majority of revenue is generated from Consumer segment.

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