Bitnine Co (XKRX:357880) ROCE % : -14.35% (As of Sep. 2024)

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What is Bitnine Co 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. Bitnine Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -14.35%.

Bitnine Co ROCE % Historical Data

The historical data trend for Bitnine Co'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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Bitnine Co ROCE % Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

8.39

2.66

-32.83

Bitnine Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-20.92	-47.36	-43.96	13.61	-14.35

Bitnine Co ROCE % Calculation

Bitnine Co'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 )
	=	-14342.101	/	( ( (72099.208 - 4320.006)	+	(60170.044 - 40566.237) )	/ 2 )
	=	-14342.101	/	( (67779.202	+	19603.807)	/ 2 )
	=	-14342.101	/	43691.5045
	=	-32.83 %

Bitnine Co'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 )
	=	-2324.04	/	( ( (59050.03 - 41860.763)	+	(54100.334 - 38888.537) )	/ 2 )
	=	-2324.04	/	( ( 17189.267	+	15211.797 )	/ 2 )
	=	-2324.04	/	16200.532
	=	-14.35 %

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

Bitnine Co (XKRX:357880) 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.

Bitnine Co ROCE % Related Terms

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Bitnine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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