Spirit Blockchain Capital (XCNQ:SPIR) ROCE % : -951.90% (As of Sep. 2023)

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What is Spirit Blockchain Capital 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. Spirit Blockchain Capital's annualized ROCE % for the quarter that ended in Sep. 2023 was -951.90%.

Spirit Blockchain Capital ROCE % Historical Data

The historical data trend for Spirit Blockchain Capital'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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Spirit Blockchain Capital ROCE % Chart

Spirit Blockchain Capital Annual Data

Trend

Dec21

Dec22

ROCE %

-271.94

-150.31

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial					-208.17	-272.77	-527.92	-1,224.24	-951.90

Spirit Blockchain Capital ROCE % Calculation

Spirit Blockchain Capital'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 )
	=	-2.898	/	( ( (4.043 - 0.279)	+	(0.739 - 0.647) )	/ 2 )
	=	-2.898	/	( (3.764	+	0.092)	/ 2 )
	=	-2.898	/	1.928
	=	-150.31 %

Spirit Blockchain Capital'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 )
	=	-0.752	/	( ( (0.867 - 0.839)	+	(0.899 - 0.769) )	/ 2 )
	=	-0.752	/	( ( 0.028	+	0.13 )	/ 2 )
	=	-0.752	/	0.079
	=	-951.90 %

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

Spirit Blockchain Capital (XCNQ:SPIR) 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.

Spirit Blockchain Capital ROCE % Related Terms

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Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spirit Blockchain Capital Inc (XCNQ:SPIR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SBLCF:USA

Address

505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5

Website

https://www.spiritblockchain.com

Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.