DMGGF (DMG Blockchain Solutions) ROCE % : -14.66% (As of Jun. 2024)

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What is DMG Blockchain Solutions 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. DMG Blockchain Solutions's annualized ROCE % for the quarter that ended in Jun. 2024 was -14.66%.

DMG Blockchain Solutions ROCE % Historical Data

The historical data trend for DMG Blockchain Solutions'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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DMG Blockchain Solutions ROCE % Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-32.22

-14.37

-15.36

-16.75

-19.19

DMG Blockchain Solutions Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-19.61	-13.16	34.65	0.71	-14.66

DMG Blockchain Solutions ROCE % Calculation

DMG Blockchain Solutions's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-12.046	/	( ( (72.646 - 4.035)	+	(61.035 - 4.113) )	/ 2 )
	=	-12.046	/	( (68.611	+	56.922)	/ 2 )
	=	-12.046	/	62.7665
	=	-19.19 %

DMG Blockchain Solutions's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-10.408	/	( ( (87.44 - 13.044)	+	(81.251 - 13.656) )	/ 2 )
	=	-10.408	/	( ( 74.396	+	67.595 )	/ 2 )
	=	-10.408	/	70.9955
	=	-14.66 %

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

DMG Blockchain Solutions (OTCPK:DMGGF) 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.

DMG Blockchain Solutions ROCE % Related Terms

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DMG Blockchain Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (OTCPK:DMGGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6AX:Germany DMGI:Canada

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.