Bluesky Digital Assets (XCNQ:BTC.PR.A.PFD) ROCE % : -827.34% (As of Dec. 2023)

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What is Bluesky Digital Assets 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. Bluesky Digital Assets's annualized ROCE % for the quarter that ended in Dec. 2023 was -827.34%.

Bluesky Digital Assets ROCE % Historical Data

The historical data trend for Bluesky Digital Assets'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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Bluesky Digital Assets ROCE % Chart

Bluesky Digital Assets Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-102.74

-74.57

-137.62

-171.86

-750.09

Bluesky Digital Assets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-560.20	-541.14	-808.47	-359.53	-827.34

Bluesky Digital Assets ROCE % Calculation

Bluesky Digital Assets'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 )
	=	-3.998	/	( ( (1.966 - 1.106)	+	(0.88 - 0.674) )	/ 2 )
	=	-3.998	/	( (0.86	+	0.206)	/ 2 )
	=	-3.998	/	0.533
	=	-750.09 %

Bluesky Digital Assets'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.268	/	( ( (1.629 - 1.045)	+	(0.88 - 0.674) )	/ 2 )
	=	-3.268	/	( ( 0.584	+	0.206 )	/ 2 )
	=	-3.268	/	0.395
	=	-827.34 %

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

Bluesky Digital Assets (XCNQ:BTC.PR.A.PFD) 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.

Bluesky Digital Assets ROCE % Related Terms

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Bluesky Digital Assets (XCNQ:BTC.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bluesky Digital Assets Corp (XCNQ:BTC.PR.A.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BTCWF:USA BTC:Canada

Address

First Canadian Place, 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C9

Website

https://www.blueskydigitalassets.com

Bluesky Digital Assets Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the bitcoin blockchain. The Company receives bitcoin in return for successful service. It has one reportable segment; digital asset mining and all revenues and non-current assets are in Canada.

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