AGM Group Holdings (AGM Group Holdings) ROCE % : 0.00% (As of Jun. 2023)

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What is AGM Group 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. AGM Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

AGM Group Holdings ROCE % Historical Data

The historical data trend for AGM Group 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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AGM Group Holdings ROCE % Chart

AGM Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-20.90

-13.77

-13.03

34.29

57.92

AGM Group Holdings Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial											46.48	142.58	-	-	-

AGM Group Holdings ROCE % Calculation

AGM Group Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	16.193	/	( ( (88.021 - 62.819)	+	(125.23 - 94.52) )	/ 2 )
	=	16.193	/	( (25.202	+	30.71)	/ 2 )
	=	16.193	/	27.956
	=	57.92 %

AGM Group Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	0	/	( ( (125.23 - 94.52)	+	(136.069 - 92.787) )	/ 2 )
	=	0	/	( ( 30.71	+	43.282 )	/ 2 )
	=	0	/	36.996
	=	0.00 %

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

AGM Group Holdings (NAS:AGMH) 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.

AGM Group Holdings ROCE % Related Terms

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AGM Group Holdings (AGM Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AGM Group Holdings Inc (NAS:AGMH) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

C/o Creative Consultants (Hong Kong) Limited, 185 Wanchai Road, Room 1502-3, 15th Floor, Connuaght Commercial Building, Wanchai, Hong Kong, HKG

Website

http://www.agmprime.com

AGM Group Holdings Inc is an investment holding company. The company focuses on blockchain-oriented ASIC chip design; high-end crypto miner production and fintech technology software service. It generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment.