Immutable Holdings (NEOE:HOLD) ROCE % : -14.31% (As of Sep. 2024)

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What is Immutable Holdings 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. Immutable Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was -14.31%.

Immutable Holdings ROCE % Historical Data

The historical data trend for Immutable Holdings'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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Immutable Holdings ROCE % Chart

Immutable Holdings Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-31.47

-25.34

Immutable Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										-53.81	-39.26	25.89	22.73	-14.31

Immutable Holdings ROCE % Calculation

Immutable Holdings'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 )
	=	-5.233	/	( ( (23.413 - 1.45)	+	(20.919 - 1.579) )	/ 2 )
	=	-5.233	/	( (21.963	+	19.34)	/ 2 )
	=	-5.233	/	20.6515
	=	-25.34 %

Immutable Holdings's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.96	/	( ( (15.139 - 0.389)	+	(12.999 - 0.354) )	/ 2 )
	=	-1.96	/	( ( 14.75	+	12.645 )	/ 2 )
	=	-1.96	/	13.6975
	=	-14.31 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Immutable Holdings (NEOE:HOLD) 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.

Immutable Holdings ROCE % Related Terms

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Immutable Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Immutable Holdings Inc (NEOE:HOLD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IHLDF:USA B8X0:Germany

Address

Scotia Plaza 40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.immutableholdings.com

Immutable Holdings Inc is a full-service blockchain holding company managing industry-leading businesses in the blockchain space.