ABTS (Abits Group) ROCE % : 0.02% (As of Jun. 2024)

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What is Abits Group 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. Abits Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.02%.

Abits Group ROCE % Historical Data

The historical data trend for Abits Group'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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Abits Group ROCE % Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

ROCE %

201.34

26.55

-82.26

-141.18

-71.34

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				-7.12	-119.15	-31.57	-114.10	0.02

Abits Group ROCE % Calculation

Abits Group'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 )
	=	-12.566	/	( ( (24.531 - 0.613)	+	(12.318 - 1.006) )	/ 2 )
	=	-12.566	/	( (23.918	+	11.312)	/ 2 )
	=	-12.566	/	17.615
	=	-71.34 %

Abits Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0.002	/	( ( (12.318 - 1.006)	+	(12.202 - 0.921) )	/ 2 )
	=	0.002	/	( ( 11.312	+	11.281 )	/ 2 )
	=	0.002	/	11.2965
	=	0.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Abits Group (NAS:ABTS) 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.

Abits Group ROCE % Related Terms

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