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Udemy (UDMY) EBIT : $-99.8 Mil (TTM As of Dec. 2023)


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What is Udemy EBIT?

Udemy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-19.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-99.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Udemy's annualized ROC % for the quarter that ended in Dec. 2023 was -24.86%. Udemy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -698.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Udemy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.00%.


Udemy EBIT Historical Data

The historical data trend for Udemy'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.

Udemy EBIT Chart

Udemy Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-68.03 -73.38 -78.62 -150.34 -103.12

Udemy Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -50.66 -37.15 -27.33 -15.83 -19.47

Competitive Comparison of Udemy's EBIT

For the Education & Training Services subindustry, Udemy'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.


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

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

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



Udemy 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-99.8 Mil.

* 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.


Udemy  (NAS:UDMY) EBIT Explanation

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

Udemy's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-102.64 * ( 1 - -3.73% )/( (432.819 + 423.686)/ 2 )
=-106.468472/428.2525
=-24.86 %

where

Invested Capital(Q: Sep. 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))
=736.494 - 68.413 - ( 479.44 - max(0, 386.452 - 621.714+479.44))
=432.819

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))
=741.196 - 65.314 - ( 476.936 - max(0, 380.132 - 632.328+476.936))
=423.686

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Udemy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-77.86/( ( (12.148 + max(-237.204, 0)) + (10.13 + max(-218.915, 0)) )/ 2 )
=-77.86/( ( 12.148 + 10.13 )/ 2 )
=-77.86/11.139
=-698.99 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(82.857 + 0 + 59.417) - (68.413 + 280.973 + 30.092)
=-237.204

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(92.555 + 0 + 62.837) - (65.314 + 280.846 + 28.147)
=-218.915

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-99.773/1108.557
=-9.00 %

* 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.


Udemy EBIT Related Terms

Thank you for viewing the detailed overview of Udemy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Udemy (UDMY) Business Description

Traded in Other Exchanges
Address
600 Harrison Street, 3rd Floor, San Francisco, CA, USA, 94107
Udemy Inc operates a marketplace platform at the center of a vibrant knowledge network. The Company operated under two operating and reportable segments Consumer and Enterprise.
Executives
Venu Venugopal officer: Chief Technology Officer 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Eren Bali director 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Kenneth Hirschman officer: SVP, Operations and GC 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Gregory Scott Brown officer: President, Udemy Business C/O BLACKHAWK NETWORK HOLDINGS, INC., 6220 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Sarah Blanchard officer: Chief Financial Officer 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Stephanie Stapleton Sudbury officer: President, Udemy Business 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Richard Qiu officer: President, New Ventures 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Prasad Raje officer: Chief Product Officer 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Sohaib Abbasi director 100 EAST DAVIE STREET, RALEIGH NC 27601
Genefa Murphy officer: Chief Marketing Officer 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Jeffrey Lieberman director, 10 percent owner 680 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Prasad Gune officer: SVP, Product 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Llibert Argerich officer: SVP, Marketing 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107
Gregg Coccari director, officer: President, CEO and Chairperson 719 KINGMAN AVENUE, SANTA MONICA CA 90402
Karen Fascenda officer: Chief People Officer 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO CA 94107

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