Ebang International Holdings (STU:7EBA) ROCE % : -7.74% (As of Jun. 2023)

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What is Ebang International 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. Ebang International Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -7.74%.

Ebang International Holdings ROCE % Historical Data

The historical data trend for Ebang International 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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Ebang International Holdings ROCE % Chart

Ebang International Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-13.79

-67.58

-28.08

1.01

-13.55

Ebang International Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial					-3.68	3.79	-5.85	-20.60	-7.74

Ebang International Holdings ROCE % Calculation

Ebang International 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 )
	=	-43.264	/	( ( (341.49 - 13.014)	+	(324.892 - 14.621) )	/ 2 )
	=	-43.264	/	( (328.476	+	310.271)	/ 2 )
	=	-43.264	/	319.3735
	=	-13.55 %

Ebang International 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 )
	=	-23.318	/	( ( (324.892 - 14.621)	+	(300.836 - 8.505) )	/ 2 )
	=	-23.318	/	( ( 310.271	+	292.331 )	/ 2 )
	=	-23.318	/	301.301
	=	-7.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Ebang International Holdings (STU:7EBA) 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.

Ebang International Holdings ROCE % Related Terms

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Ebang International Holdings (STU:7EBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ebang International Holdings Inc (STU:7EBA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EBON:USA

Address

No. 20-02B, 12 Marina View, Asia Square Tower 2, Singapore, SGP, 018961

Website

https://www.ebang.com.cn

Ebang International Holdings Inc is an application-specific integrated circuit, or ASIC, chip design company and a manufacturer of high-performance Bitcoin mining machines. The company's Ebit E10 model, is a commercial mining machine that uses 10 nm ASIC chips among other mining machine producers. It operates in a single segment selling Bitcoin mining machines and related accessories, telecommunications products and provision of management and maintenance services.

Ebang International Holdings (STU:7EBA) Headlines

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