Arax Holdings (Arax Holdings) ROCE % : -48.53% (As of Jul. 2023)

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What is Arax Holdings 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. Arax Holdings's annualized ROCE % for the quarter that ended in Jul. 2023 was -48.53%.

Arax Holdings ROCE % Historical Data

The historical data trend for Arax Holdings'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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Arax Holdings ROCE % Chart

Arax Holdings Annual Data

Trend

Oct12

Oct13

Oct14

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Oct20

Oct21

Oct22

ROCE %

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Arax Holdings Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
ROCE %	Get a 7-Day Free Trial															-	-	-	-43.07	-48.53

Arax Holdings ROCE % Calculation

Arax Holdings's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	-0.149	/	( ( (0 - 0.026)	+	(0 - 0.175) )	/ 2 )
	=	-0.149	/	( (-0.026	+	-0.175)	/ 2 )
	=	-0.149	/	-0.1005
	=	148.26 %

Arax Holdings's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Apr. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Apr. 2023 )		(Q: Jul. 2023 )
	=	-9.344	/	( ( (19.547 - 0.438)	+	(19.629 - 0.229) )	/ 2 )
	=	-9.344	/	( ( 19.109	+	19.4 )	/ 2 )
	=	-9.344	/	19.2545
	=	-48.53 %

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

Arax Holdings (OTCPK:ARAT) 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.

Arax Holdings ROCE % Related Terms

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Arax Holdings (Arax Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arax Holdings Corp (OTCPK:ARAT) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

30 North Gould Street, Sheridan, WY, USA, 82801

Website

https://www.arax.cc

Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

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