BlockchainK2 (BlockchainK2) ROCE % : -65.08% (As of Dec. 2023)

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What is BlockchainK2 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. BlockchainK2's annualized ROCE % for the quarter that ended in Dec. 2023 was -65.08%.

BlockchainK2 ROCE % Historical Data

The historical data trend for BlockchainK2'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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BlockchainK2 ROCE % Chart

BlockchainK2 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-21.06

-11.23

-105.62

-104.65

-65.06

BlockchainK2 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															-159.15	170.15	-54.24	-169.93	-65.08

BlockchainK2 ROCE % Calculation

BlockchainK2's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.203	/	( ( (1.015 - 0.666)	+	(0.859 - 0.584) )	/ 2 )
	=	-0.203	/	( (0.349	+	0.275)	/ 2 )
	=	-0.203	/	0.312
	=	-65.06 %

BlockchainK2'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 )
	=	-0.164	/	( ( (0.859 - 0.584)	+	(0.849 - 0.62) )	/ 2 )
	=	-0.164	/	( ( 0.275	+	0.229 )	/ 2 )
	=	-0.164	/	0.252
	=	-65.08 %

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

BlockchainK2 (OTCPK:BIDCF) 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.

BlockchainK2 ROCE % Related Terms

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BlockchainK2 (BlockchainK2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlockchainK2 Corp (OTCPK:BIDCF) » Definitions » ROCE %

Comparable Companies

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KRL2:Germany BITK:Canada

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6

Website

https://www.blockchaink2.com

BlockchainK2 Corp currently operates as a holding company that invests in blockchain technology solutions for capital markets and other sectors. It has invested in separate ventures: Amplify Games Inc; iRecover Inc; and RealBlocks and Envexergy Inc. It also holds an interest in Sobe Organics Inc which is an omnichannel platform that distributes a broad line of CBD-infused products. The company operates in the following segments; Investing in blockchain technology solutions for capital markets and other sectors, Sale of health and beauty products - operated by Sobe Organics, Digital game distribution - operated by Amplify, and Addiction recovery platform services - operated by iRecover. It generates key revenue from Health and beauty products.