Gryphon Digital Mining (Gryphon Digital Mining) ROCE % : 0.00% (As of Dec. 2023)

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What is Gryphon Digital Mining 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. Gryphon Digital Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Gryphon Digital Mining ROCE % Historical Data

The historical data trend for Gryphon Digital Mining'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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Gryphon Digital Mining ROCE % Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-67.15

-321.00

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-67.15	-321.00	-

Gryphon Digital Mining ROCE % Calculation

Gryphon Digital Mining'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 )
	=	-7.472	/	( ( (19.468 - 22.508)	+	(1.358 - 10.369) )	/ 2 )
	=	-7.472	/	( (-3.04	+	-9.011)	/ 2 )
	=	-7.472	/	-6.0255
	=	124.01 %

Gryphon Digital Mining'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-7.472	/	( ( (19.468 - 22.508)	+	(1.358 - 10.369) )	/ 2 )
	=	-7.472	/	( ( -3.04	+	-9.011 )	/ 2 )
	=	-7.472	/	-6.0255
	=	0 %

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

Gryphon Digital Mining (OTCPK:KERNW) 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.

Gryphon Digital Mining ROCE % Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (OTCPK:KERNW) » Definitions » ROCE %

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Traded in Other Exchanges

GRYP:USA

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).