Expensify (Expensify) ROCE % : -6.42% (As of Mar. 2024)

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What is Expensify 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. Expensify's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.42%.

Expensify ROCE % Historical Data

The historical data trend for Expensify'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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Expensify ROCE % Chart

Expensify Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

3.90

14.08

-11.51

-10.90

-25.62

Expensify Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												-7.09	-24.99	-41.20	-19.35	-6.42

Expensify ROCE % Calculation

Expensify's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-33.149	/	( ( (210.241 - 60.362)	+	(176.784 - 67.892) )	/ 2 )
	=	-33.149	/	( (149.879	+	108.892)	/ 2 )
	=	-33.149	/	129.3855
	=	-25.62 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-7.172	/	( ( (176.784 - 67.892)	+	(184.771 - 70.319) )	/ 2 )
	=	-7.172	/	( ( 108.892	+	114.452 )	/ 2 )
	=	-7.172	/	111.672
	=	-6.42 %

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

Expensify (NAS:EXFY) 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.

Expensify ROCE % Related Terms

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Expensify (Expensify) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Southwest 5th Avenue, Portland, OR, USA, 97204

Website

https://www.expensify.com

Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. Over 12 million people use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.

Executives

Anuradha Muralidharan	director, officer: Chief Operating Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Jason Fahr Mills	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Daniel Vidal	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
David Michael Barrett	director, officer: Chief Executive Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Ryan Schaffer	director, officer: Chief Financial Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Timothy L Christen	director	715 SOUTH STREET, MAYVILLE WI 53050
Steven J. Mclaughlin	10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Ying Liu	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Sf Roofdeck Gp Llc	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Steven J. Mclaughlin Revocable Trust	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Exp 2020 Spv Lp	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Openview Management, Llc	10 percent owner	C/O OPENVIEW VENTURE PARTNERS, 303 CONGRESS STREET, 6TH FLOOR, BOSTON MA 02210
David Martirano	other: See Remarks	50 MILK STREET, 16TH FLOOR, BOSTON MA 02109
Demartini James G B Iii	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065
Unameit Trust Under Declaration Of Trust Dated March 10, 2000	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065