MetaWorks Platforms (XCNQ:MWRK) ROCE % : 0.00% (As of Mar. 2024)

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What is MetaWorks Platforms 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. MetaWorks Platforms's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

MetaWorks Platforms ROCE % Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms ROCE % Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-836.17

-2,415.27

-360.36

MetaWorks Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-117.06	-159.16	-45.94	-1,282.85	-

MetaWorks Platforms ROCE % Calculation

MetaWorks Platforms'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 )
	=	-7.259	/	( ( (2.201 - 2.157)	+	(2.257 - 3.463) )	/ 2 )
	=	-7.259	/	( (0.044	+	-1.206)	/ 2 )
	=	-7.259	/	-0.581
	=	1,249.40 %

MetaWorks Platforms's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.832	/	( ( (2.257 - 3.463)	+	(2.217 - 3.479) )	/ 2 )
	=	-2.832	/	( ( -1.206	+	-1.262 )	/ 2 )
	=	-2.832	/	-1.234
	=	0 %

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

MetaWorks Platforms (XCNQ:MWRK) 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.

MetaWorks Platforms ROCE % Related Terms

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MetaWorks Platforms (XCNQ:MWRK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » ROCE %

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MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.