Eqonex (STU:616A) ROCE % : -317.36% (As of Mar. 2022)

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What is Eqonex 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. Eqonex's annualized ROCE % for the quarter that ended in Mar. 2022 was -317.36%.

Eqonex ROCE % Historical Data

The historical data trend for Eqonex'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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Eqonex ROCE % Chart

Eqonex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

ROCE %

-568.35

-2,873.73

-453.58

-224.88

Eqonex Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
ROCE %	Get a 7-Day Free Trial			-	-1,445.41	-82.52	-119.73	-317.36

Eqonex ROCE % Calculation

Eqonex's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-68.914	/	( ( (85.282 - 33.863)	+	(55.64 - 45.77) )	/ 2 )
	=	-68.914	/	( (51.419	+	9.87)	/ 2 )
	=	-68.914	/	30.6445
	=	-224.88 %

Eqonex's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	-79.298	/	( ( (88.485 - 48.381)	+	(55.64 - 45.77) )	/ 2 )
	=	-79.298	/	( ( 40.104	+	9.87 )	/ 2 )
	=	-79.298	/	24.987
	=	-317.36 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2022) EBIT data.

Eqonex (STU:616A) 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.

Eqonex ROCE % Related Terms

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Eqonex (STU:616A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eqonex Ltd (STU:616A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Piccadilly, Mayfair, London, GBR, W1J 7NW

Website

https://www.eqonex.com

Eqonex Ltd is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem. The company offers services related to Exchange and Trading, Capital Markets, Custody, and Asset Management.

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