Cipher Mining (STU:3A9) ROCE % : 31.18% (As of Mar. 2024)

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What is Cipher Mining 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. Cipher Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.18%.

Cipher Mining ROCE % Historical Data

The historical data trend for Cipher Mining'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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Cipher Mining ROCE % Chart

Cipher Mining Annual Data

Trend

Jan21

Dec22

Dec23

ROCE %

-19.61

-4.39

Cipher Mining Quarterly Data
	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-4.29	-12.18	-19.39	13.68	31.18

Cipher Mining ROCE % Calculation

Cipher Mining'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 )
	=	-18.533	/	( ( (395.029 - 38.068)	+	(519.148 - 30.988) )	/ 2 )
	=	-18.533	/	( (356.961	+	488.16)	/ 2 )
	=	-18.533	/	422.5605
	=	-4.39 %

Cipher Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	168.78	/	( ( (519.148 - 30.988)	+	(622.97 - 28.502) )	/ 2 )
	=	168.78	/	( ( 488.16	+	594.468 )	/ 2 )
	=	168.78	/	541.314
	=	31.18 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Cipher Mining (STU:3A9) 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.

Cipher Mining ROCE % Related Terms

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Cipher Mining (STU:3A9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cipher Mining Inc (STU:3A9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CIFR:USA

Address

1 Vanderbilt Avenue, Floor 54, Suite C, New York, NY, USA, 10017

Website

https://www.ciphermining.com

Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin.

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