Goobit Group AB (OSTO:BTCX) ROCE % : -114.34% (As of Jul. 2023)

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What is Goobit Group AB 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. Goobit Group AB's annualized ROCE % for the quarter that ended in Jul. 2023 was -114.34%.

Goobit Group AB ROCE % Historical Data

The historical data trend for Goobit Group AB'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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Goobit Group AB ROCE % Chart

Goobit Group AB Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

-50.28

-51.53

37.03

-43.55

-68.28

Goobit Group AB Quarterly Data
	Apr19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
ROCE %	Get a 7-Day Free Trial											-74.29	-31.60	-67.37	-89.22	-114.34

Goobit Group AB ROCE % Calculation

Goobit Group AB's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-15.683	/	( ( (47.312 - 13.676)	+	(20.817 - 8.516) )	/ 2 )
	=	-15.683	/	( (33.636	+	12.301)	/ 2 )
	=	-15.683	/	22.9685
	=	-68.28 %

Goobit Group AB's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Apr. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Apr. 2023 )		(Q: Jul. 2023 )
	=	-12.296	/	( ( (20.817 - 8.516)	+	(19.459 - 10.252) )	/ 2 )
	=	-12.296	/	( ( 12.301	+	9.207 )	/ 2 )
	=	-12.296	/	10.754
	=	-114.34 %

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

Goobit Group AB (OSTO:BTCX) 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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Goobit Group AB (OSTO:BTCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Goobit Group AB (OSTO:BTCX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9AI:Germany

Address

Stora Nygatan 28, Stockholm, SWE, 111 27

Website

https://www.goobit.se

Goobit Group AB is a crypto exchange company. It offers exchange services of Swedish kronor and euros to the digital currencies bitcoin and ether, and has so far exchanged over SEK 1.7 billion. The company's brands are BTCX Express and Standard BTCX.

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