Jetblack (Jetblack) ROCE % : -65.75% (As of Jun. 2017)

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What is Jetblack 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. Jetblack's annualized ROCE % for the quarter that ended in Jun. 2017 was -65.75%.

Jetblack ROCE % Historical Data

The historical data trend for Jetblack'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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Jetblack ROCE % Chart

Jetblack Annual Data

Trend

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ROCE %

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Jetblack Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Dec14	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
ROCE %	Get a 7-Day Free Trial															-	-	-	-37.91	-65.75

Jetblack ROCE % Calculation

Jetblack's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	-0.036	/	( ( (0 - 0)	+	(0.021 - 0.057) )	/ 1 )
	=	-0.036	/	( (0	+	-0.036)	/ 1 )
	=	-0.036	/	-0.036
	=	100.00 %

Jetblack's ROCE % of for the quarter that ended in Jun. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2017 )		(Q: Mar. 2017 )		(Q: Jun. 2017 )
	=	-0.288	/	( ( (0.467 - 0.009)	+	(0.419 - 0.001) )	/ 2 )
	=	-0.288	/	( ( 0.458	+	0.418 )	/ 2 )
	=	-0.288	/	0.438
	=	-65.75 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2017) EBIT data.

Jetblack (OTCPK:JTBK) 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.

Jetblack ROCE % Related Terms

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Jetblack (Jetblack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jetblack Corp (OTCPK:JTBK) » Definitions » ROCE %

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Address

304 S. Jones Boulevard, Suite 5058, Las Vegas, NV, USA, 89107

Website

https://www.jetblackcorp.com

Jetblack Corp has initiated investments in Metaverse space, which is an investment into metaverse platforms and technologies. The company's current holdings include MANA (Decentraland) and SAND (SandBox) tokens. The Company plans to continue investing into Metaverse tokens over time, as opportunities are identified.