Grayscale Decentralized Finance (DeFi) Fund LLC (Grayscale Decentralized Finance (DeFi) Fund LLC) ROCE % : 163.42% (As of Dec. 2023)

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What is Grayscale Decentralized Finance (DeFi) Fund LLC 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. Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROCE % for the quarter that ended in Dec. 2023 was 163.42%.

Grayscale Decentralized Finance (DeFi) Fund LLC ROCE % Historical Data

The historical data trend for Grayscale Decentralized Finance (DeFi) Fund LLC'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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Grayscale Decentralized Finance (DeFi) Fund LLC ROCE % Chart

Grayscale Decentralized Finance (DeFi) Fund LLC Annual Data

Trend

Jun22

Jun23

ROCE %

-17.14

-107.86

Grayscale Decentralized Finance (DeFi) Fund LLC Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-133.28	-66.61	-108.57	-158.34	163.42

Grayscale Decentralized Finance (DeFi) Fund LLC ROCE % Calculation

Grayscale Decentralized Finance (DeFi) Fund LLC's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.225	/	( ( (2.905 - 0)	+	(3.075 - 0) )	/ 2 )
	=	-3.225	/	( (2.905	+	3.075)	/ 2 )
	=	-3.225	/	2.99
	=	-107.86 %

Grayscale Decentralized Finance (DeFi) Fund LLC'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 )
	=	5.96	/	( ( (2.902 - 0)	+	(4.392 - 0) )	/ 2 )
	=	5.96	/	( ( 2.902	+	4.392 )	/ 2 )
	=	5.96	/	3.647
	=	163.42 %

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

Grayscale Decentralized Finance (DeFi) Fund LLC (OTCPK:DEFG) 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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Grayscale Decentralized Finance (DeFi) Fund LLC (Grayscale Decentralized Finance (DeFi) Fund LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Grayscale Decentralized Finance (DeFi) Fund LLC (OTCPK:DEFG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

290 Harbor Drive, 4th Floor, Stamford, CT, USA, 06902

Website

https://www.grayscale.com

Grayscale Decentralized Finance (DeFi) Fund LLC seeks to provide investors with exposure to a selection of industry decentralized finance platforms through a market cap-weighted portfolio designed to track the CoinDesk DeFi Select Index. DeFi Fund holds the liquid digital assets that meet certain trading and custody requirements and are classified in the DeFi sector defined by CoinDesk Digital Asset Classification Standard.

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