WalkMe (WalkMe) ROCE % : -16.20% (As of Dec. 2023)

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What is WalkMe 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. WalkMe's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.20%.

WalkMe ROCE % Historical Data

The historical data trend for WalkMe'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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WalkMe ROCE % Chart

WalkMe Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-63.05

-50.80

-38.00

-36.89

-22.77

WalkMe Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-32.18	-36.72	-22.42	-16.32	-16.20

WalkMe ROCE % Calculation

WalkMe'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 )
	=	-64.881	/	( ( (445.206 - 167.468)	+	(454.057 - 161.981) )	/ 2 )
	=	-64.881	/	( (277.738	+	292.076)	/ 2 )
	=	-64.881	/	284.907
	=	-22.77 %

WalkMe's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-46.776	/	( ( (444.413 - 158.845)	+	(454.057 - 161.981) )	/ 2 )
	=	-46.776	/	( ( 285.568	+	292.076 )	/ 2 )
	=	-46.776	/	288.822
	=	-16.20 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

WalkMe (NAS:WKME) 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.

WalkMe ROCE % Related Terms

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WalkMe (WalkMe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WalkMe Ltd (NAS:WKME) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Walter Moses Street, Tel Aviv, ISR, 6789903

Website

https://www.walkme.com

WalkMe Ltd is the defining solution enabling organizations to realize the value of software investments. It is a cloud-based digital adoption platform, users employees and customers of organizations can navigate websites, SaaS applications, and mobile apps through a digital, GPS-like experience to accomplish any task from simple, online transactions, to complex cross-application software processes, to fully autonomous experiences that require no manual clicks or entries. Substantial revenue is derived from the United States.