Autodesk (LTS:0HJF) ROCE % : 23.17% (As of Jan. 2024)

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What is Autodesk 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. Autodesk's annualized ROCE % for the quarter that ended in Jan. 2024 was 23.17%.

Autodesk ROCE % Historical Data

The historical data trend for Autodesk'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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Autodesk ROCE % Chart

Autodesk Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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12.95

17.12

14.61

20.27

20.51

Autodesk Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															23.78	16.41	20.20	25.34	23.17

Autodesk ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	1128	/	( ( (9438 - 4000)	+	(9912 - 4351) )	/ 2 )
	=	1128	/	( (5438	+	5561)	/ 2 )
	=	1128	/	5499.5
	=	20.51 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	1260	/	( ( (9226 - 3912)	+	(9912 - 4351) )	/ 2 )
	=	1260	/	( ( 5314	+	5561 )	/ 2 )
	=	1260	/	5437.5
	=	23.17 %

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

Autodesk (LTS:0HJF) 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.

Autodesk ROCE % Related Terms

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Autodesk (LTS:0HJF) Business Description

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ADSK:USA ADSK:Mexico 1ADSK:Italy AUD:Germany A1UT34:Brazil ADSK:Austria

Address

One Market Street, Suite 400, San Francisco, CA, USA, 94105

Website

https://www.autodesk.com

Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.

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