Supernova Digital Assets (AQSE:SOL) ROCE % : -281.24% (As of Oct. 2023)

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What is Supernova Digital Assets 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. Supernova Digital Assets's annualized ROCE % for the quarter that ended in Oct. 2023 was -281.24%.

Supernova Digital Assets ROCE % Historical Data

The historical data trend for Supernova Digital Assets'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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Supernova Digital Assets ROCE % Chart

Supernova Digital Assets Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

ROCE %

-9.53

-18.56

-113.64

Supernova Digital Assets Semi-Annual Data
	Oct20	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial			-	-42.33	11.58	-33.50	-281.24

Supernova Digital Assets ROCE % Calculation

Supernova Digital Assets's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-7.142	/	( ( (9.729 - 0.091)	+	(3.005 - 0.074) )	/ 2 )
	=	-7.142	/	( (9.638	+	2.931)	/ 2 )
	=	-7.142	/	6.2845
	=	-113.64 %

Supernova Digital Assets's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	-11.76	/	( ( (11.753 - 6.321)	+	(3.005 - 0.074) )	/ 2 )
	=	-11.76	/	( ( 5.432	+	2.931 )	/ 2 )
	=	-11.76	/	4.1815
	=	-281.24 %

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

Supernova Digital Assets (AQSE:SOL) 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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Supernova Digital Assets (AQSE:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Supernova Digital Assets Plc (AQSE:SOL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

16 Great Queen Street, 9th Floor, London, GBR, WC2B 5DG

Website

https://www.aqruplc.com

AQRU PLC is an investment company specializing in decentralized finance (DeFi). DeFi is a disruptive technology that uses the blockchain and cryptocurrencies to remove financial intermediaries from transactions creating a more efficient and secure way of providing financial services. Geographically company generates the majority of its revenue from Europe.