Space Kingdom Digital Capital (TSXV:YSK.P) ROCE % : -93.43% (As of Mar. 2024)

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What is Space Kingdom Digital Capital 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. Space Kingdom Digital Capital's annualized ROCE % for the quarter that ended in Mar. 2024 was -93.43%.

Space Kingdom Digital Capital ROCE % Historical Data

The historical data trend for Space Kingdom Digital Capital'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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Space Kingdom Digital Capital ROCE % Chart

Space Kingdom Digital Capital Annual Data

Trend

Dec22

Dec23

ROCE %

-221.57

Space Kingdom Digital Capital Quarterly Data
	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-317.81	-	-405.97	-96.55	-93.43

Space Kingdom Digital Capital ROCE % Calculation

Space Kingdom Digital Capital'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 )
	=	-0.113	/	( ( (0.113 - 0.087)	+	(0.092 - 0.016) )	/ 2 )
	=	-0.113	/	( (0.026	+	0.076)	/ 2 )
	=	-0.113	/	0.051
	=	-221.57 %

Space Kingdom Digital Capital'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 )
	=	-0.064	/	( ( (0.092 - 0.016)	+	(0.083 - 0.022) )	/ 2 )
	=	-0.064	/	( ( 0.076	+	0.061 )	/ 2 )
	=	-0.064	/	0.0685
	=	-93.43 %

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

Space Kingdom Digital Capital (TSXV:YSK.P) 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.

Space Kingdom Digital Capital ROCE % Related Terms

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Space Kingdom Digital Capital (TSXV:YSK.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Space Kingdom Digital Capital Corp (TSXV:YSK.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Royal Centre, Suite 1500, PO Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

Space Kingdom Digital Capital Corp is a capital pool company.

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