BCHG (Grayscale Bitcoin Cash TR BCH) ROCE %: 146.58% (As of Mar. 2021)

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What is Grayscale Bitcoin Cash TR BCH ROCE %?

Grayscale Bitcoin Cash TR BCH BCHG +0.52% ROCE % is 146.58% as of Mar. 2021.

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. Grayscale Bitcoin Cash TR BCH's annualized ROCE % for the quarter that ended in Mar. 2021 was 146.58%.

Grayscale Bitcoin Cash TR BCH  (OTCPK:BCHG) 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.

Grayscale Bitcoin Cash TR BCH ROCE % Related Terms

Grayscale Bitcoin Cash TR BCH ROCE % Historical Data

* Premium members only.

The historical data trend for Grayscale Bitcoin Cash TR BCH'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.

Grayscale Bitcoin Cash TR BCH ROCE % Chart

Grayscale Bitcoin Cash TR BCH Annual Data
Trend Jun18 Jun19 Jun20
ROCE %
0.00 -61.04 -58.95

Grayscale Bitcoin Cash TR BCH Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
ROCE % Get a 7-Day Free Trial 0.00 -26.46 -128.30 157.90 146.58

Grayscale Bitcoin Cash TR BCH ROCE % Calculation

Grayscale Bitcoin Cash TR BCH's annualized ROCE % for the fiscal year that ended in Jun. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2020 )  (A: Jun. 2019 )(A: Jun. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2020 )  (A: Jun. 2019 )(A: Jun. 2020 )
=-3.574/( ( (6.559 - 0.119) + (5.685 - 0) )/ 2 )
=-3.574/( (6.44+5.685)/ 2 )
=-3.574/6.0625
=-58.95 %

Grayscale Bitcoin Cash TR BCH's ROCE % of for the quarter that ended in Mar. 2021 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2021 )  (Q: Dec. 2020 )(Q: Mar. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2021 )  (Q: Dec. 2020 )(Q: Mar. 2021 )
=173.404/( ( (81.859 - 0) + (154.736 - 0) )/ 2 )
=173.404/( ( 81.859 + 154.736 )/ 2 )
=173.404/118.2975
=146.58 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 146.58% mean?
Grayscale Bitcoin Cash TR BCH (BCHG) has a ROCE % of 146.58% as of Mar. 2021.
Is Grayscale Bitcoin Cash TR BCH's ROCE % too high?
Grayscale Bitcoin Cash TR BCH's current ROCE % is 146.58%. The Asset Management industry median ROCE % is 4.36. Grayscale Bitcoin Cash TR BCH's value of 146.58% is 3261.9% above this industry median.
How does Grayscale Bitcoin Cash TR BCH's ROCE % compare to ?
Grayscale Bitcoin Cash TR BCH's ROCE % of 146.58% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.36. Grayscale Bitcoin Cash TR BCH's value of 146.58% is 3261.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Asset Management company?
The median ROCE % among Asset Management companies is 4.36, based on 711 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Grayscale Bitcoin Cash TR BCH's current ROCE % of 146.58% is 3261.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grayscale Bitcoin Cash TR BCH's current ROCE % is 146.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grayscale Bitcoin Cash TR BCH stock overvalued right now?
Grayscale Bitcoin Cash TR BCH (BCHG) has a current ROCE % of 146.58%. The current ROCE % is 146.58% and 3261.9% above the Asset Management industry median of 4.36. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Grayscale Bitcoin Cash TR BCH (BCHG), the current ROCE % is 146.58% as of Mar. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Grayscale Bitcoin Cash TR BCH Business Description

Comparable Companies
Address 250 Park Avenue South, New York, NY, USA, 10003
Grayscale Bitcoin Cash TR BCH provides platform for digital currency investing. It provides investment products like single-asset, diversified, large cap funds, and others. The company operates as a digital currency asset manager.