GlobalBlock Digital Asset Trading (GlobalBlock Digital Asset Trading) ROCE % : -259.39% (As of Dec. 2023)

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What is GlobalBlock Digital Asset Trading 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. GlobalBlock Digital Asset Trading's annualized ROCE % for the quarter that ended in Dec. 2023 was -259.39%.

GlobalBlock Digital Asset Trading ROCE % Historical Data

The historical data trend for GlobalBlock Digital Asset Trading'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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GlobalBlock Digital Asset Trading ROCE % Chart

GlobalBlock Digital Asset Trading Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.97

-13.52

-18.47

-11.82

-124.00

GlobalBlock Digital Asset Trading Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.86	-39.19	-413.29	-38.99	-259.39

GlobalBlock Digital Asset Trading ROCE % Calculation

GlobalBlock Digital Asset Trading'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 )
	=	-0.744	/	( ( (10.015 - 9.25)	+	(0.491 - 0.056) )	/ 2 )
	=	-0.744	/	( (0.765	+	0.435)	/ 2 )
	=	-0.744	/	0.6
	=	-124.00 %

GlobalBlock Digital Asset Trading's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.236	/	( ( (0.574 - 0.056)	+	(0.491 - 0.056) )	/ 2 )
	=	-1.236	/	( ( 0.518	+	0.435 )	/ 2 )
	=	-1.236	/	0.4765
	=	-259.39 %

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

GlobalBlock Digital Asset Trading (OTCPK:BLVDF) 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.

GlobalBlock Digital Asset Trading ROCE % Related Terms

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GlobalBlock Digital Asset Trading (GlobalBlock Digital Asset Trading) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GlobalBlock Digital Asset Trading Ltd (OTCPK:BLVDF) » Definitions » ROCE %

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BLOK.H:Canada

Address

65 Curzon Street, London, GBR, W1J 8PE

Website

https://www.globalblockdigital.com

GlobalBlock Digital Asset Trading Ltd is a digital asset broker that provides a personalized telephone brokerage service, trading platform, and mobile application. The company acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms, and intermediaries, providing the best execution trading and safe custody of digital assets.

GlobalBlock Digital Asset Trading (GlobalBlock Digital Asset Trading) Headlines

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