DigiAsia (DigiAsia) ROCE % : -29.56% (As of Dec. 2022)

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What is DigiAsia 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. DigiAsia's annualized ROCE % for the quarter that ended in Dec. 2022 was -29.56%.

DigiAsia ROCE % Historical Data

The historical data trend for DigiAsia'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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DigiAsia ROCE % Chart

DigiAsia Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-100.70

-35.00

-9.02

DigiAsia Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-100.70	-29.56	-

DigiAsia ROCE % Calculation

DigiAsia'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 )
	=	-2.075	/	( ( (31.052 - 7.683)	+	(27.621 - 4.977) )	/ 2 )
	=	-2.075	/	( (23.369	+	22.644)	/ 2 )
	=	-2.075	/	23.0065
	=	-9.02 %

DigiAsia's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	-6.907	/	( ( (26.496 - 10.395)	+	(31.052 - 7.683) )	/ 2 )
	=	-6.907	/	( ( 16.101	+	23.369 )	/ 2 )
	=	-6.907	/	19.735
	=	-35.00 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

DigiAsia (NAS:FAAS) 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.

DigiAsia ROCE % Related Terms

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DigiAsia (DigiAsia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DigiAsia Corp (NAS:FAAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Raffles Place, No. 28-02, Singapore, SGP, 048616

Website

https://www.digiasia.asia

DigiAsia Bios Pte Ltd operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a leading fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.