Mercurity Fintech Holding (Mercurity Fintech Holding) ROCE % : 0.00% (As of Dec. 2023)

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What is Mercurity Fintech Holding 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. Mercurity Fintech Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Mercurity Fintech Holding ROCE % Historical Data

The historical data trend for Mercurity Fintech Holding'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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Mercurity Fintech Holding ROCE % Chart

Mercurity Fintech Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.83

-148.65

-46.86

-49.48

Mercurity Fintech Holding Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-254.18	-	-	-	-

Mercurity Fintech Holding ROCE % Calculation

Mercurity Fintech Holding'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 )
	=	-8.802	/	( ( (18.893 - 1.43)	+	(30.395 - 12.28) )	/ 2 )
	=	-8.802	/	( (17.463	+	18.115)	/ 2 )
	=	-8.802	/	17.789
	=	-49.48 %

Mercurity Fintech Holding'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 )
	=	0	/	( ( (30.079 - 10.591)	+	(30.395 - 12.28) )	/ 2 )
	=	0	/	( ( 19.488	+	18.115 )	/ 2 )
	=	0	/	18.8015
	=	0.00 %

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

Mercurity Fintech Holding (NAS:MFH) 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.

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Mercurity Fintech Holding (Mercurity Fintech Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a digital fintech company powered by blockchain technology. The company's scope of business includes digital asset trading, asset digitization, cross-border remittance, and other services, providing compliant, professional, and efficient digital financial services to its customers. The group is also engaged in Bitcoin mining, digital currency investment, and trading, continuing its expansion to online and traditional brokerage services and other related fields.