Metalpha Technology Holding (Metalpha Technology Holding) ROCE % : -112.14% (As of Mar. 2023)

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What is Metalpha Technology Holding 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. Metalpha Technology Holding's annualized ROCE % for the quarter that ended in Mar. 2023 was -112.14%.

Metalpha Technology Holding ROCE % Historical Data

The historical data trend for Metalpha Technology Holding'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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Metalpha Technology Holding ROCE % Chart

Metalpha Technology Holding Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-14.33

-17.38

-8.78

-81.21

-101.93

Metalpha Technology Holding Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial												14.59	-121.90	-65.76	-60.99	-112.14

Metalpha Technology Holding ROCE % Calculation

Metalpha Technology Holding's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-11.693	/	( ( (24.339 - 10.032)	+	(56.078 - 47.442) )	/ 2 )
	=	-11.693	/	( (14.307	+	8.636)	/ 2 )
	=	-11.693	/	11.4715
	=	-101.93 %

Metalpha Technology Holding's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	-14.028	/	( ( (60.904 - 44.522)	+	(56.078 - 47.442) )	/ 2 )
	=	-14.028	/	( ( 16.382	+	8.636 )	/ 2 )
	=	-14.028	/	12.509
	=	-112.14 %

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

Metalpha Technology Holding (NAS:MATH) 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.

Metalpha Technology Holding ROCE % Related Terms

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Metalpha Technology Holding (Metalpha Technology Holding) Business Description

Industry

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N/A

Address

18 Harbour Road, Suite 1508, Central Plaza, Wan Chai, Hong Kong, HKG

Website

https://www.metalpha.net

Metalpha Technology Holding Ltd is to enable the global transition towards digital asset technology. The company aims to provide leading crypto derivatives product services for users worldwide.