Advanced Bitcoin Technologies AG (HAM:ABT) ROCE % : -23.24% (As of Jun. 2023)

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What is Advanced Bitcoin Technologies AG 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. Advanced Bitcoin Technologies AG's annualized ROCE % for the quarter that ended in Jun. 2023 was -23.24%.

Advanced Bitcoin Technologies AG ROCE % Historical Data

The historical data trend for Advanced Bitcoin Technologies AG'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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Advanced Bitcoin Technologies AG ROCE % Chart

Advanced Bitcoin Technologies AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-7.78

-126.19

-9.61

-39.89

Advanced Bitcoin Technologies AG Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-5.76	-12.98	-20.46	-60.00	-23.24

Advanced Bitcoin Technologies AG ROCE % Calculation

Advanced Bitcoin Technologies AG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.697	/	( ( (15.819 - 4.548)	+	(11.783 - 4.516) )	/ 2 )
	=	-3.697	/	( (11.271	+	7.267)	/ 2 )
	=	-3.697	/	9.269
	=	-39.89 %

Advanced Bitcoin Technologies AG's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.578	/	( ( (11.783 - 4.516)	+	(10.801 - 4.486) )	/ 2 )
	=	-1.578	/	( ( 7.267	+	6.315 )	/ 2 )
	=	-1.578	/	6.791
	=	-23.24 %

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

Advanced Bitcoin Technologies AG (HAM:ABT) 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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Advanced Bitcoin Technologies AG (HAM:ABT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Advanced Bitcoin Technologies AG (HAM:ABT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grüneburgweg 58 - 62, Frankfurt am Main, DEU, D - 60322

Website

https://www.abt-ag.com

Advanced Bitcoin Technologies AG is a Germany based company engaged in the business of cryptocurrencies which enables the users to handle their daily financial transactions.