Udemy (FRA:7WH) ROCE % : -20.98% (As of Mar. 2024)

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What is Udemy 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. Udemy's annualized ROCE % for the quarter that ended in Mar. 2024 was -20.98%.

Udemy ROCE % Historical Data

The historical data trend for Udemy'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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Udemy ROCE % Chart

Udemy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-37.85

-41.51

-28.56

Udemy 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												-50.06	-32.29	-18.53	-21.67	-20.98

Udemy ROCE % Calculation

Udemy'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 )
	=	-94.564	/	( ( (696.264 - 365.24)	+	(679.677 - 348.581) )	/ 2 )
	=	-94.564	/	( (331.024	+	331.096)	/ 2 )
	=	-94.564	/	331.06
	=	-28.56 %

Udemy'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 )
	=	-63.696	/	( ( (679.677 - 348.581)	+	(651.778 - 375.622) )	/ 2 )
	=	-63.696	/	( ( 331.096	+	276.156 )	/ 2 )
	=	-63.696	/	303.626
	=	-20.98 %

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

Udemy (FRA:7WH) 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.

Udemy ROCE % Related Terms

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Udemy (FRA:7WH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Udemy Inc (FRA:7WH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UDMY:USA

Address

600 Harrison Street, 3rd Floor, San Francisco, CA, USA, 94107

Website

https://www.udemy.com

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.

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