Ether Capital (NEOE:ETHC) ROCE % : 1.88% (As of Dec. 2023)

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What is Ether Capital 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. Ether Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.88%.

Ether Capital ROCE % Historical Data

The historical data trend for Ether Capital'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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Ether Capital ROCE % Chart

Ether Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.12

-4.60

-0.40

-0.14

1.36

Ether Capital 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															-1.02	-0.48	2.08	1.48	1.88

Ether Capital ROCE % Calculation

Ether Capital'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 )
	=	1.474	/	( ( (76.137 - 0.505)	+	(141.264 - 0.673) )	/ 2 )
	=	1.474	/	( (75.632	+	140.591)	/ 2 )
	=	1.474	/	108.1115
	=	1.36 %

Ether Capital'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 )
	=	2.312	/	( ( (106.12 - 0.433)	+	(141.264 - 0.673) )	/ 2 )
	=	2.312	/	( ( 105.687	+	140.591 )	/ 2 )
	=	2.312	/	123.139
	=	1.88 %

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

Ether Capital (NEOE:ETHC) 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.

Ether Capital ROCE % Related Terms

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Ether Capital (NEOE:ETHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ether Capital Corp (NEOE:ETHC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DTSRF:USA 2KV:Germany

Address

130 Adelaide Street West, Suite 3100, 31st Floor, Toronto, ON, CAN, M5H 3P5

Website

https://www.ethcap.co

Ether Capital Corp is a Canada based technology company focused on becoming the central business and investment hub for the Ethereum ecosystem. Its portfolio includes Ether which is the native Ethereum crypto-asset and is the commodity-like fuel used to access the Ethereum network and broadcast transactions; MakerDao which is a decentralized credit platform built on Ethereum in which collateral is leveraged to produce a stable coin; and Wyre which is a cryptocurrency exchange and technology platform based in San Francisco that is focused on building compliant fiat-to-crypto on and off ramps.

Executives

Som Seif

Director, Senior Officer

Ether Capital (NEOE:ETHC) Headlines

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