CryptoStar (TSXV:CSTR) ROCE % : -18.96% (As of Sep. 2024)

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What is CryptoStar 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. CryptoStar's annualized ROCE % for the quarter that ended in Sep. 2024 was -18.96%.

CryptoStar ROCE % Historical Data

The historical data trend for CryptoStar'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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CryptoStar ROCE % Chart

CryptoStar Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.44

-49.59

-15.96

-72.15

-39.35

CryptoStar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-41.01	-38.37	-16.83	-32.38	-18.96

CryptoStar ROCE % Calculation

CryptoStar'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 )
	=	-7.018	/	( ( (27.029 - 5.585)	+	(17.057 - 2.829) )	/ 2 )
	=	-7.018	/	( (21.444	+	14.228)	/ 2 )
	=	-7.018	/	17.836
	=	-39.35 %

CryptoStar'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 )
	=	-2.304	/	( ( (15.322 - 2.607)	+	(14.371 - 2.777) )	/ 2 )
	=	-2.304	/	( ( 12.715	+	11.594 )	/ 2 )
	=	-2.304	/	12.1545
	=	-18.96 %

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

CryptoStar (TSXV:CSTR) 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.

CryptoStar ROCE % Related Terms

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CryptoStar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CryptoStar Corp (TSXV:CSTR) » Definitions » ROCE %

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CSTXF:USA

Address

181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3

Website

https://www.cryptostar.com

CryptoStar Corp is a cryptocurrency mining company with data centres around the globe. The Company has two reportable segments based on geographical locations: Canada and the USA, and three reportable segments based on operations: self-mining, hosting and miner sales, along with a Head Office segment. The company derives its income from digital currency received for providing mining services to a digital currency blockchain. It generates a majority of its revenue from the United States.

Executives