Cuentas (Cuentas) ROCE % : 0.00% (As of Mar. 2024)

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What is Cuentas 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. Cuentas's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Cuentas ROCE % Historical Data

The historical data trend for Cuentas'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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Cuentas ROCE % Chart

Cuentas Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-235.13

-199.91

-241.58

Cuentas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-578.14	-157.77	-258.34	-998.68	-

Cuentas ROCE % Calculation

Cuentas'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 )
	=	-6.109	/	( ( (1.499 - 2.134)	+	(4.72 - 4.689) )	/ 2 )
	=	-6.109	/	( (-0.635	+	0.031)	/ 2 )
	=	-6.109	/	-0.302
	=	2,022.85 %

Cuentas's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.728	/	( ( (4.72 - 4.689)	+	(3.448 - 3.741) )	/ 2 )
	=	-1.728	/	( ( 0.031	+	-0.293 )	/ 2 )
	=	-1.728	/	-0.131
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Cuentas (OTCPK:CUENW) 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.

Cuentas ROCE % Related Terms

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Cuentas (Cuentas) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Cuentas Inc (OTCPK:CUENW) » Definitions » ROCE %

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CUEN:USA

Address

235 Lincoln Road, Suite 210, Miami Beach, FL, USA, 33139

Website

https://www.cuentas.com

Cuentas Inc is a FinTech e-banking and e-commerce service provider with proprietary technology aimed at providing solutions for the underbanked and un-banked Hispanic and Latino population. The company operates in two segments: Telecommunications and General Purpose Reloadable Cards. Its services include mobile banking, online banking, prepaid debit, ACH and mobile deposits, cash remittance, peer-to-peer money transferring, and providing access to bank accounts for customers who previously could not obtain bank accounts. The proprietary Cuentas General Purpose Reloadable (GPR) Card provides holders with a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content.