XTKG (X3 Holdings Co) ROCE % : -16.56% (As of Jun. 2024)

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What is X3 Holdings 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. X3 Holdings Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -16.56%.

X3 Holdings Co ROCE % Historical Data

The historical data trend for X3 Holdings 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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X3 Holdings Co ROCE % Chart

X3 Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-182.41

-8.37

-10.43

-21.66

-17.51

X3 Holdings Co Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial											-20.16	-23.44	-20.68	-8.95	-16.56

X3 Holdings Co ROCE % Calculation

X3 Holdings 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 )
	=	-21.603	/	( ( (130.588 - 27.936)	+	(175.959 - 31.828) )	/ 2 )
	=	-21.603	/	( (102.652	+	144.131)	/ 2 )
	=	-21.603	/	123.3915
	=	-17.51 %

X3 Holdings Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-23.374	/	( ( (175.959 - 31.828)	+	(171.26 - 33.027) )	/ 2 )
	=	-23.374	/	( ( 144.131	+	138.233 )	/ 2 )
	=	-23.374	/	141.182
	=	-16.56 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

X3 Holdings Co (NAS:XTKG) 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.

X3 Holdings Co ROCE % Related Terms

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X3 Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » X3 Holdings Co Ltd (NAS:XTKG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower A, Tai Seng Exchange, Suite 412, One Tai Seng Avenue, Singapore, SGP, 536464

Website

https://www.x3holdings.com

X3 Holdings Co Ltd is company which is responsible for globally providing of Technology Solutions and Services across Diverse Industries that operates across four business segments: digital technologies, renewable energy, Cryptomining Operations, and agriculture technologies.