MultiMetaVerse Holdings (MultiMetaVerse Holdings) ROCE % : 0.00% (As of Dec. 2023)

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What is MultiMetaVerse Holdings 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. MultiMetaVerse Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

MultiMetaVerse Holdings ROCE % Historical Data

The historical data trend for MultiMetaVerse Holdings'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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MultiMetaVerse Holdings ROCE % Chart

MultiMetaVerse Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-229.11

-40.40

MultiMetaVerse Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-21.81	-29.80	-487.10	-6,194.57	-

MultiMetaVerse Holdings ROCE % Calculation

MultiMetaVerse Holdings'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 )
	=	-27.772	/	( ( (6.928 - 4.371)	+	(5.355 - 11.278) )	/ 2 )
	=	-27.772	/	( (2.557	+	-5.923)	/ 2 )
	=	-27.772	/	-1.683
	=	1,650.15 %

MultiMetaVerse Holdings'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-8.808	/	( ( (5.64 - 6.688)	+	(5.355 - 11.278) )	/ 2 )
	=	-8.808	/	( ( -1.048	+	-5.923 )	/ 2 )
	=	-8.808	/	-3.4855
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

MultiMetaVerse Holdings (NAS:MMV) 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.

MultiMetaVerse Holdings ROCE % Related Terms

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MultiMetaVerse Holdings (MultiMetaVerse Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MultiMetaVerse Holdings Ltd (NAS:MMV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 718, Lingshi Road, Building D3, Jingan District, Shanghai, CHN, 200072

Website

MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.