CURR (Currenc Group) ROCE % : 0.00% (As of Sep. 2024)

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What is Currenc 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. Currenc Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Currenc Group ROCE % Historical Data

The historical data trend for Currenc 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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Currenc Group ROCE % Chart

Currenc Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

44.66

-7.79

-2,082.02

Currenc Group Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial					-	-	-	-	-

Currenc Group ROCE % Calculation

Currenc 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 )
	=	-5.892	/	( ( (160.59 - 172.652)	+	(141.49 - 173.862) )	/ 2 )
	=	-5.892	/	( (-12.062	+	-32.372)	/ 2 )
	=	-5.892	/	-22.217
	=	26.52 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-4.32	/	( ( (128.441 - 162.815)	+	(114.965 - 136.664) )	/ 2 )
	=	-4.32	/	( ( -34.374	+	-21.699 )	/ 2 )
	=	-4.32	/	-28.0365
	=	0 %

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

Currenc Group (NAS:CURR) 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.

Currenc Group ROCE % Related Terms

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Currenc Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Currenc Group Inc (NAS:CURR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 North Bridge Road, SPACES City Hall, Singapore, SGP, 188726

Website

https://investors.currencgroup.com

Currenc Group Inc is a fintech banking platform for e-wallets, financial institutions and merchants world-wide, delivering frictionless interoperable real-time fund transfers and instant messaging.

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