KINS Technology Group (KINS Technology Group) ROCE % : -28.33% (As of Sep. 2023)

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What is KINS Technology Group 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. KINS Technology Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -28.33%.

KINS Technology Group ROCE % Historical Data

The historical data trend for KINS Technology Group'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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KINS Technology Group ROCE % Chart

KINS Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.54

-2.11

KINS Technology Group Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial								-464.25	1,250.13	-50.34	-26.33	-28.33

KINS Technology Group ROCE % Calculation

KINS Technology Group'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 )
	=	-2.95	/	( ( (279.369 - 0.767)	+	(4.152 - 3.231) )	/ 2 )
	=	-2.95	/	( (278.602	+	0.921)	/ 2 )
	=	-2.95	/	139.7615
	=	-2.11 %

KINS Technology Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-16.796	/	( ( (72.289 - 19.266)	+	(73.6 - 8.048) )	/ 2 )
	=	-16.796	/	( ( 53.023	+	65.552 )	/ 2 )
	=	-16.796	/	59.2875
	=	-28.33 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

KINS Technology Group (NAS:KINZU) 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.

KINS Technology Group ROCE % Related Terms

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KINS Technology Group (KINS Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » KINS Technology Group Inc (NAS:KINZU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CXAI:USA

Address

Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA, USA, 94306

Website

https://www.cxapp.com

CXApp Inc is a workplace experience platform for enterprise customers. It is a SaaS product for enterprise organizations, distributing a mobile app to all employees within the organization. It includes a content management system (or CMS) so customers can adjust configurations for their workplace settings autonomously and spontaneously. Its technologies and solutions help enterprise customers deliver a comprehensive business journey in a work 'from-anywhere' world for employees, partners, customers, and visitors. CXApp offers native mapping, analytics, on-device positioning (or ODP), and application technologies that bring people together.

Executives

Cohen Steven A/sac Capital Mgmt Lp	10 percent owner	C/O SAC CAPITAL ADVISORS LLC, 72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Israel A Englander	other: See Footnote 2	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millennium Management Llc	other: See Footnote 2	399 PARK AVENUE, NEW YORK NY 10022
Millennium Group Management Llc	other: See Footnote 2	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Ics Opportunities, Ltd.	10 percent owner	MILLENNIUM INTERNATIONAL MANAGEMENT LP, 399 PARK AVENUE, NEW YORK NY 10022
Cubist Systematic Strategies, Llc	10 percent owner	72 CUMMINGS POINT ROAD, STAMFORD CT 06902
Atif Rafiq	director	3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Di-ann Eisnor	director	11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Hassan Ahmed	director	SONUS NETWORKS INC, 7 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Camillo Martino	director	60 SOUTH MARKET STREET, STE 750, SAN JOSE CA 95113
Allen Salmasi	director	C/O NEXTWAVE WIRELESS LLC, 12670 HIGH BLUFF DRIVE, SAN DIEGO CA 92130
Khurram P Sheikh	director, 10 percent owner, officer: CEO and CFO	1140 EAST ARQUES AVE., SUNNYVALE CA 94085
Cardinal Venture Holdings Llc	10 percent owner, other: See Remarks	FOUR PALO ALTO SQUARE, 3000 EL CAMINO REAL, PALO ALTO CA 94308
Kins Capital Llc	10 percent owner, other: See Remarks	FOUR PALO ALTO SQUARE, 3000 EL CAMINO REAL, PALO ALTO CA 94306
Eric Zimits	officer: Secretary and CCDO	C/O KINS TECHNOLOGY GROUP INC., FOUR PALO ALTO SQUARE, PALO ALTO CA 94306