Nyiax (NYX) ROCE % : 0.00% (As of Sep. 2023)

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What is Nyiax 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. Nyiax's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Nyiax ROCE % Historical Data

The historical data trend for Nyiax'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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Nyiax ROCE % Chart

Nyiax Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

Nyiax Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-	-	-	-	-

Nyiax ROCE % Calculation

Nyiax'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 )
	=	-9.551	/	( ( (8.081 - 11.059)	+	(4.572 - 7.431) )	/ 2 )
	=	-9.551	/	( (-2.978	+	-2.859)	/ 2 )
	=	-9.551	/	-2.9185
	=	327.26 %

Nyiax's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-6.776	/	( ( (1.946 - 6.422)	+	(4.587 - 7.218) )	/ 2 )
	=	-6.776	/	( ( -4.476	+	-2.631 )	/ 2 )
	=	-6.776	/	-3.5535
	=	0 %

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

Nyiax (NAS:NYX) 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.

Nyiax ROCE % Related Terms

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Nyiax (NYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nyiax Inc (NAS:NYX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Maiden Lane, 11th Floor, New York, NY, USA, 10005

Website

https://www.nyiax.com

Nyiax Inc is a upfront marketplace and advanced contract management platform, providing advertisers and publishers a platform to buy, sell and trade premium advertising contracts in a forward/futures methodology every day.

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