Gaxos.AI (Gaxos.AI) ROCE % : -86.74% (As of Dec. 2023)

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What is Gaxos.AI 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. Gaxos.AI's annualized ROCE % for the quarter that ended in Dec. 2023 was -86.74%.

Gaxos.AI ROCE % Historical Data

The historical data trend for Gaxos.AI'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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Gaxos.AI ROCE % Chart

Gaxos.AI Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-103.41

-192.80

Gaxos.AI Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-153.48	-194.07	-52.78	-75.22	-86.74

Gaxos.AI ROCE % Calculation

Gaxos.AI'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 )
	=	-3.963	/	( ( (0.941 - 0.256)	+	(3.696 - 0.27) )	/ 2 )
	=	-3.963	/	( (0.685	+	3.426)	/ 2 )
	=	-3.963	/	2.0555
	=	-192.80 %

Gaxos.AI'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 )
	=	-3.324	/	( ( (4.44 - 0.202)	+	(3.696 - 0.27) )	/ 2 )
	=	-3.324	/	( ( 4.238	+	3.426 )	/ 2 )
	=	-3.324	/	3.832
	=	-86.74 %

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

Gaxos.AI (NAS:GXAI) 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.

Gaxos.AI ROCE % Related Terms

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Gaxos.AI (Gaxos.AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gaxos.AI Inc (NAS:GXAI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Eisenhower Parkway, Suite 300, Roseland, NJ, USA, 07068

Website

https://www.nftgco.com

Gaxos.AI Inc formerly NFT Gaming Co Inc is developing a digital gaming platform that will offer its proprietary games as well as games developed and published by third parties. It is developing a gaming platform, called Gaxos, founded with a vision to develop, design, acquire, and manage conventional games and to combine these games with unconventional game mechanisms, such as the ability to create and mint unique in-game features, such as skins, characters, weapons, gear, levels, and virtual lands.

Executives

Vadim Mats	director, officer: Chief Executive Officer	285 GRAND AVENUE, ENGLEWOOD NJ 07631
Steven A Shorr	officer: Chief Financial Officer	33 MAIDEN LANE, 5TH FLOOR, NEW YORK NY 10038
Scott Grayson	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Adam Holzer	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068
Alex Kisin	director	101 EISENHOWER PARKWAY, SUITE 300, ROSELAND NJ 07068