ChallengerX (AQSE:CXS) ROCE % : -6,755.56% (As of Jun. 2023)

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What is ChallengerX 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. ChallengerX's annualized ROCE % for the quarter that ended in Jun. 2023 was -6,755.56%.

ChallengerX ROCE % Historical Data

The historical data trend for ChallengerX'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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ChallengerX ROCE % Chart

ChallengerX Annual Data

Trend

Jun22

Jun23

ROCE %

-98.94

-314.86

ChallengerX Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-51.77	-296.30	-6,755.56

ChallengerX ROCE % Calculation

ChallengerX's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.392	/	( ( (0.392 - 0.11)	+	(0.063 - 0.096) )	/ 2 )
	=	-0.392	/	( (0.282	+	-0.033)	/ 2 )
	=	-0.392	/	0.1245
	=	-314.86 %

ChallengerX'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 )
	=	-0.304	/	( ( (0.1 - 0.058)	+	(0.063 - 0.096) )	/ 2 )
	=	-0.304	/	( ( 0.042	+	-0.033 )	/ 2 )
	=	-0.304	/	0.0045
	=	-6,755.56 %

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

ChallengerX (AQSE:CXS) 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.

ChallengerX ROCE % Related Terms

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ChallengerX (AQSE:CXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ChallengerX PLC (AQSE:CXS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG

Website

https://www.challengerx.io

ChallengerX PLC is a Software as a service-based monetization technology and digital marketing company serving sports clubs, players, and other influencers around the world. The principal activity of the company is to employ both traditional and non-traditional marketing strategies to rapidly professionalize amateur and semi-professional sports clubs around the world.

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