BitFuFu (BitFuFu) ROCE % : 10.55% (As of Dec. 2023)

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What is BitFuFu 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. BitFuFu's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.55%.

BitFuFu ROCE % Historical Data

The historical data trend for BitFuFu'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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BitFuFu ROCE % Chart

BitFuFu Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

251.79

7.09

15.18

BitFuFu Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			215.56	56.78	-11.16	20.07	10.55

BitFuFu ROCE % Calculation

BitFuFu'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 )
	=	18.213	/	( ( (198.335 - 82.061)	+	(210.033 - 86.36) )	/ 2 )
	=	18.213	/	( (116.274	+	123.673)	/ 2 )
	=	18.213	/	119.9735
	=	15.18 %

BitFuFu's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	12.804	/	( ( (198.174 - 79.078)	+	(210.033 - 86.36) )	/ 2 )
	=	12.804	/	( ( 119.096	+	123.673 )	/ 2 )
	=	12.804	/	121.3845
	=	10.55 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

BitFuFu (NAS:FUFU) 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.

BitFuFu ROCE % Related Terms

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BitFuFu (BitFuFu) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitFuFu Inc (NAS:FUFU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 North Bridge Road, 15-01 Peninsula Plaza, Singapore, SGP, 179098

Website

BitFuFu Inc is a digital asset mining service and cloud-mining service provider, dedicated to fostering a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital asset.

BitFuFu (BitFuFu) Headlines

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