BIGG Digital Assets (BIGG Digital Assets) ROCE % : 25.07% (As of Mar. 2024)

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What is BIGG Digital Assets 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. BIGG Digital Assets's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.07%.

BIGG Digital Assets ROCE % Historical Data

The historical data trend for BIGG Digital Assets'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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BIGG Digital Assets ROCE % Chart

BIGG Digital Assets Annual Data

Trend

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-71.82

-47.71

-24.24

-58.41

-32.89

BIGG Digital Assets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-201.75	-19.23	-48.15	30.79	25.07

BIGG Digital Assets ROCE % Calculation

BIGG Digital Assets'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 )
	=	-6.793	/	( ( (49.616 - 32.591)	+	(92.568 - 68.28) )	/ 2 )
	=	-6.793	/	( (17.025	+	24.288)	/ 2 )
	=	-6.793	/	20.6565
	=	-32.89 %

BIGG Digital Assets'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 )
	=	7.164	/	( ( (92.568 - 68.28)	+	(135.501 - 102.646) )	/ 2 )
	=	7.164	/	( ( 24.288	+	32.855 )	/ 2 )
	=	7.164	/	28.5715
	=	25.07 %

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

BIGG Digital Assets (OTCPK:BBKCF) 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.

BIGG Digital Assets ROCE % Related Terms

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BIGG Digital Assets (BIGG Digital Assets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BIGG Digital Assets Inc (OTCPK:BBKCF) » Definitions » ROCE %

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7111:Germany BIGG:Canada

Address

1130 West Pender Street, Suite 1220, Vancouver, BC, CAN, V6E 4A4

Website

https://www.biggdigitalassets.com

BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. It has two operating divisions which provide blockchain search products to large enterprises with significant data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. The company operates two business segments: Blockchain Technology Development and Digital Currency Sales via the Netcoins App.