Datadog (WBO:DDOG) ROCE % : 8.18% (As of Sep. 2024)

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What is Datadog 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. Datadog's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.18%.

Datadog ROCE % Historical Data

The historical data trend for Datadog'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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Datadog ROCE % Chart

Datadog Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.53

0.65

0.16

-1.08

2.54

Datadog Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.80	8.59	6.13	6.72	8.18

Datadog ROCE % Calculation

Datadog'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 )
	=	61.014	/	( ( (2836.58 - 717.202)	+	(3609.378 - 919.799) )	/ 2 )
	=	61.014	/	( (2119.378	+	2689.579)	/ 2 )
	=	61.014	/	2404.4785
	=	2.54 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	204.7	/	( ( (4099.111 - 1663.727)	+	(4172.955 - 1604.017) )	/ 2 )
	=	204.7	/	( ( 2435.384	+	2568.938 )	/ 2 )
	=	204.7	/	2502.161
	=	8.18 %

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

Datadog (WBO:DDOG) 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.

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Datadog Business Description

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Address

620 8th Avenue, 45th Floor, New York, NY, USA, 10018

Website

https://www.datadog.com

Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, allows a client to monitor and analyze its entire IT infrastructure. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses.