CoinAnalyst (XCNQ:COYX) ROCE %

: -21.44% (As of Sep. 2022)

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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. CoinAnalyst's annualized ROCE % for the quarter that ended in Sep. 2022 was -21.44%.

CoinAnalyst ROCE % Historical Data

The historical data trend for CoinAnalyst'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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CoinAnalyst Annual Data

Trend

Aug20

Aug21

ROCE %

CoinAnalyst Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22
ROCE %								-	-334.11	-169.23	-168.89	-21.44

CoinAnalyst ROCE % Calculation

CoinAnalyst's annualized ROCE % for the fiscal year that ended in Aug. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2021 )		(A: Aug. 2020 )		(A: Aug. 2021 )
	=	-0.109	/	( ( (0.088 - 0.225)	+	(0.029 - 0.101) )	/ 2 )
	=	-0.109	/	( (-0.137	+	-0.072)	/ 2 )
	=	-0.109	/	-0.1045
	=	104.31 %

CoinAnalyst's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-0.152	/	( ( (1.519 - 0.939)	+	(1.788 - 0.95) )	/ 2 )
	=	-0.152	/	( ( 0.58	+	0.838 )	/ 2 )
	=	-0.152	/	0.709
	=	-21.44 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

CoinAnalyst (XCNQ:COYX) 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.

CoinAnalyst ROCE % Related Terms

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CoinAnalyst (XCNQ:COYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CoinAnalyst Corp (XCNQ:COYX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.coinanalyst.tech

CoinAnalyst Corp provides an artificial intelligence-based big data analytics platform that enables traders in the cryptocurrency asset sector and other industries to access a dashboard that monitors and analyzes real-time data from the cryptocurrency and initial coin offering market. Its software tracks influencers monitor online social media and provide sentiment analysis, forecast and trade signals on the top 100 cryptocurrencies.

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