INX Digital Co (NEOE:INXD) ROCE % : 155.04% (As of Mar. 2024)

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What is INX Digital 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. INX Digital Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 155.04%.

INX Digital Co ROCE % Historical Data

The historical data trend for INX Digital 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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INX Digital Co ROCE % Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-12.35

-84.18

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-8.50	-700.77	-	2,936.03	155.04

INX Digital Co ROCE % Calculation

INX Digital 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 )
	=	-17.104	/	( ( (110.635 - 86.966)	+	(100.389 - 83.423) )	/ 2 )
	=	-17.104	/	( (23.669	+	16.966)	/ 2 )
	=	-17.104	/	20.3175
	=	-84.18 %

INX Digital Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	32.552	/	( ( (100.389 - 83.423)	+	(100.417 - 75.39) )	/ 2 )
	=	32.552	/	( ( 16.966	+	25.027 )	/ 2 )
	=	32.552	/	20.9965
	=	155.04 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

INX Digital Co (NEOE:INXD) 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.

INX Digital Co ROCE % Related Terms

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INX Digital Co (NEOE:INXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.

Executives

Shy Datika

10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

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