AppFolio (STU:4P0) ROCE % : 18.42% (As of Dec. 2024)

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What is AppFolio 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. AppFolio's annualized ROCE % for the quarter that ended in Dec. 2024 was 18.42%.

AppFolio ROCE % Historical Data

The historical data trend for AppFolio'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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AppFolio ROCE % Chart

AppFolio Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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3.42

-3.54

-22.16

0.29

30.52

AppFolio Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															34.74	37.84	36.26	38.33	18.42

AppFolio ROCE % Calculation

AppFolio's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	129.54	/	( ( (374.951 - 63.975)	+	(598.477 - 60.432) )	/ 2 )
	=	129.54	/	( (310.976	+	538.045)	/ 2 )
	=	129.54	/	424.5105
	=	30.52 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	87.7	/	( ( (471.491 - 57.391)	+	(598.477 - 60.432) )	/ 2 )
	=	87.7	/	( ( 414.1	+	538.045 )	/ 2 )
	=	87.7	/	476.0725
	=	18.42 %

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

AppFolio (STU:4P0) 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.

AppFolio ROCE % Related Terms

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AppFolio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » AppFolio Inc (STU:4P0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

APPF:USA 4P0:Germany

Address

70 Castilian Drive, Santa Barbara, CA, USA, 93117

Website

https://www.appfolioinc.com

AppFolio Inc provides cloud-based software solutions for the real estate industry. Its property management software offers property managers an end-to-end solution to their business needs. The group's products include cloud-based property management software (Appfolio Property Manager). Its solutions are AppFolio Property Manager Core, AppFolio Property Manager Plus, and AppFolio Property Manager Max. It also offers value-added services, such as screening, risk mitigation, and electronic payment services. Its markets are Single-Family, Multifamily, Student Housing, Affordable Housing, Community Associations, Commercial, and Investment Management. The business activity of the firm predominantly functions in the United States and it generates revenue in the form of subscription fees.

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