Global InterConnection Group (XAMS:CABLE) ROCE % : -4,395.97% (As of Dec. 2023)

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What is Global InterConnection 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. Global InterConnection Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -4,395.97%.

Global InterConnection Group ROCE % Historical Data

The historical data trend for Global InterConnection 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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Global InterConnection Group ROCE % Chart

Global InterConnection Group Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-11.40

Global InterConnection Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-1.23	-20.31	-	-4,395.97

Global InterConnection Group ROCE % Calculation

Global InterConnection Group'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 )
	=	-26.264	/	( ( (1.011 - 6.535)	+	(2.717 - 3.557) )	/ 2 )
	=	-26.264	/	( (-5.524	+	-0.84)	/ 2 )
	=	-26.264	/	-3.182
	=	825.39 %

Global InterConnection Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-47.982	/	( ( (3.298 - 0.275)	+	(2.717 - 3.557) )	/ 2 )
	=	-47.982	/	( ( 3.023	+	-0.84 )	/ 2 )
	=	-47.982	/	1.0915
	=	-4,395.97 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Global InterConnection Group (XAMS:CABLE) 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.

Global InterConnection Group ROCE % Related Terms

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Global InterConnection Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global InterConnection Group Ltd (XAMS:CABLE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Floor, 10 Lefebvre Street, Saint Peter Port, GGY, GY1 2PE

Website

https://www.globalinterconnectiongroup.com

Global InterConnection Group Ltd formerly Disruptive Capital Acquisition Co Ltd is a special-purpose acquisition company. The Company intends to focus on undertaking a Business Combination with a target business or entity operating in the financial services sector.

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