NFT Technologies (NEOE:NFT) ROCE % : -186.05% (As of Sep. 2023)

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What is NFT Technologies 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. NFT Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -186.05%.

NFT Technologies ROCE % Historical Data

The historical data trend for NFT Technologies'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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NFT Technologies ROCE % Chart

NFT Technologies Annual Data

Trend

Dec21

Dec22

ROCE %

-117.03

-221.60

NFT Technologies Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-146.44	-240.13	-147.90	-79.31	-186.05

NFT Technologies ROCE % Calculation

NFT Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-7.172	/	( ( (4.733 - 0.246)	+	(2.257 - 0.271) )	/ 2 )
	=	-7.172	/	( (4.487	+	1.986)	/ 2 )
	=	-7.172	/	3.2365
	=	-221.60 %

NFT Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-2.44	/	( ( (3.407 - 1.575)	+	(1.769 - 0.978) )	/ 2 )
	=	-2.44	/	( ( 1.832	+	0.791 )	/ 2 )
	=	-2.44	/	1.3115
	=	-186.05 %

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

NFT Technologies (NEOE:NFT) 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.

NFT Technologies ROCE % Related Terms

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NFT Technologies (NEOE:NFT) Business Description

Industry

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Traded in Other Exchanges

NFTFF:USA 8LO:Germany

Address

1965 West 4th Avenue, Suite 202, Vancouver, BC, CAN, V6J 1M8

Website

https://www.nfttech.com

NFT Technologies Inc is working in the non-fungible token space of unique digital assets and environments to develop new technologies, invest in digital assets to provide exposure to investment in NFTs and the metaverse, and advise creators and platforms in the space. The Company also works to develop infrastructure, assets, real estate, and IP in the metaverse, build and generate revenue from web3 games and assets, and bring insights and benefits to the public markets.

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