Abaxx Technologies (FRA:36N) ROCE % : -75.43% (As of Sep. 2024)

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What is Abaxx Technologies 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. Abaxx Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -75.43%.

Abaxx Technologies ROCE % Historical Data

The historical data trend for Abaxx Technologies'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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Abaxx Technologies ROCE % Chart

Abaxx Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-136.94

-69.64

-103.28

-115.45

Abaxx Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-127.51	-145.81	-62.56	-76.43	-75.43

Abaxx Technologies ROCE % Calculation

Abaxx Technologies'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 )
	=	-21.253	/	( ( (9.73 - 2.224)	+	(33.289 - 3.977) )	/ 2 )
	=	-21.253	/	( (7.506	+	29.312)	/ 2 )
	=	-21.253	/	18.409
	=	-115.45 %

Abaxx Technologies'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-25.04	/	( ( (40.149 - 4.971)	+	(36.248 - 5.034) )	/ 2 )
	=	-25.04	/	( ( 35.178	+	31.214 )	/ 2 )
	=	-25.04	/	33.196
	=	-75.43 %

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

Abaxx Technologies (FRA:36N) 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.

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Abaxx Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Abaxx Technologies Inc (FRA:36N) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ABXXF:USA 36N:Germany ABXX:Canada

Address

110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1C4

Website

https://www.abaxx.tech

Abaxx Technologies Inc is a technology company engaged in developing and deploying trust-enabling internet protocols. The company's initial focus is on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to an electrified, low-carbon emissions economy. Abaxx's vision is to build Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges that everyone faces as a society, including climate change and the energy transition.

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