Neptune Digital Assets (STU:1NW) ROCE % : -1.69% (As of Feb. 2024)

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What is Neptune 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. Neptune Digital Assets's annualized ROCE % for the quarter that ended in Feb. 2024 was -1.69%.

Neptune Digital Assets ROCE % Historical Data

The historical data trend for Neptune 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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Neptune Digital Assets ROCE % Chart

Neptune Digital Assets Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

-32.13

-14.94

-24.48

-10.81

-7.40

Neptune Digital Assets Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-2.12	-3.60	-11.75	-5.43	-1.69

Neptune Digital Assets ROCE % Calculation

Neptune Digital Assets's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.806	/	( ( (27.54 - 0.681)	+	(22.409 - 0.445) )	/ 2 )
	=	-1.806	/	( (26.859	+	21.964)	/ 2 )
	=	-1.806	/	24.4115
	=	-7.40 %

Neptune Digital Assets's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.52	/	( ( (26.32 - 0.224)	+	(35.42 - 0.141) )	/ 2 )
	=	-0.52	/	( ( 26.096	+	35.279 )	/ 2 )
	=	-0.52	/	30.6875
	=	-1.69 %

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

Neptune Digital Assets (STU:1NW) 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.

Neptune Digital Assets ROCE % Related Terms

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Neptune Digital Assets (STU:1NW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Neptune Digital Assets Corp (STU:1NW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NPPTF:USA 1NW:Germany 1NW:Germany NDA:Canada

Address

1133 Melville Street, The Stack, Suite 2700, Vancouver, BC, CAN, V6E 4E5

Website

https://www.neptunedigitalassets.com

Neptune Digital Assets Corp is engaged in the business that building, owning, and operating digital currency infrastructure assets. Its core assets are Bitcoin mining equipment and Digital currencies and its primary business model is to generate Bitcoin. Its ancillary activities include staking and lending various digital currencies to earn interest and staking rewards. It operates in Canada and the United States.

Neptune Digital Assets (STU:1NW) Headlines

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