Coro Global (Coro Global) ROCE % : -521.66% (As of Jun. 2021)

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What is Coro Global 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. Coro Global's annualized ROCE % for the quarter that ended in Jun. 2021 was -521.66%.

Coro Global ROCE % Historical Data

The historical data trend for Coro Global'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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Coro Global ROCE % Chart

Coro Global Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-2,352.97

Coro Global Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial															-831.26	-484.05	-698.93	-554.73	-521.66

Coro Global ROCE % Calculation

Coro Global's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-5.353	/	( ( (0.487 - 0.334)	+	(0.988 - 0.686) )	/ 2 )
	=	-5.353	/	( (0.153	+	0.302)	/ 2 )
	=	-5.353	/	0.2275
	=	-2,352.97 %

Coro Global's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-3.276	/	( ( (1.843 - 0.824)	+	(1.031 - 0.794) )	/ 2 )
	=	-3.276	/	( ( 1.019	+	0.237 )	/ 2 )
	=	-3.276	/	0.628
	=	-521.66 %

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

Coro Global (OTCPK:CGLO) 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.

Coro Global ROCE % Related Terms

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Coro Global (Coro Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coro Global Inc (OTCPK:CGLO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 SW 7th Street, Suite 500, Miami, FL, USA, 33130

Website

https://www.coro.global

Coro Global Inc is a fintech company that is creating a new financial payment system where gold can be used as money in everyday transactions as easily as fiat currencies. Coro's platform is powered by Distributed Ledger Technology, allowing customers to send and receive global payments and exchange currency, including gold, seamlessly and securely.

Executives

John R Bason	director	C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
William R Cullen	director	1899 WYNKOOP STE 600 DENVER CO 80202
Anthony Paquin	director	C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
Hauser Milton	director, 10 percent owner, officer: President, CEO	2 RIDGEDALE AVENUE SUITE 217 CEDER KNOLLS NJ 07927
Vantage Holding Ltd.	10 percent owner	67 WALL STREET SUITE 2211 NEW YORK NY 10005
Eric Rosenfeld	officer: Chief Technical Officer	2 RIDGEDALE AVENUE, SUITE 271 CEDER KNOLLS NJ 07927
David Dorrance	officer: VP - Digital Imaging	2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927

Coro Global (Coro Global) Headlines

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