FLNCF (Freelancer) ROCE % : -3.29% (As of Jun. 2024)

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What is Freelancer 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. Freelancer's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.29%.

Freelancer ROCE % Historical Data

The historical data trend for Freelancer'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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Freelancer ROCE % Chart

Freelancer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.81

-1.63

-5.51

-13.27

0.13

Freelancer Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-13.03	-14.29	1.71	-1.53	-3.29

Freelancer ROCE % Calculation

Freelancer'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 )
	=	0.041	/	( ( (65.482 - 32.949)	+	(59.36 - 30.127) )	/ 2 )
	=	0.041	/	( (32.533	+	29.233)	/ 2 )
	=	0.041	/	30.883
	=	0.13 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-0.916	/	( ( (59.36 - 30.127)	+	(57.413 - 31.007) )	/ 2 )
	=	-0.916	/	( ( 29.233	+	26.406 )	/ 2 )
	=	-0.916	/	27.8195
	=	-3.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Freelancer (OTCPK:FLNCF) 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.

Freelancer ROCE % Related Terms

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Freelancer Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Freelancer Ltd (OTCPK:FLNCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FLN:Australia

Address

225 George Street, Level 37, Grosvenor Place, Sydney, NSW, AUS, 2000

Website

https://www.freelancer.com

Freelancer Ltd is engaged in freelancing, outsourcing services, and crowdsourcing marketplace. It offers software development, writing, data entry, and design services. The company is organized into two operating segments: Online marketplace which also generates key revenue, and Online payment services. The company operates predominantly in Australia, where majority of the online revenues and expenses are incurred.