Gamania Digital Entertainment Co (ROCO:6180) ROCE % : -6.06% (As of Dec. 2023)

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What is Gamania Digital Entertainment Co 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. Gamania Digital Entertainment Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.06%.

Gamania Digital Entertainment Co ROCE % Historical Data

The historical data trend for Gamania Digital Entertainment Co'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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Gamania Digital Entertainment Co ROCE % Chart

Gamania Digital Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.48

18.94

24.74

27.51

11.17

Gamania Digital Entertainment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.27	27.62	3.42	18.44	-6.06

Gamania Digital Entertainment Co ROCE % Calculation

Gamania Digital Entertainment Co'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 )
	=	693.297	/	( ( (10386.865 - 3938.168)	+	(9821.777 - 3859.584) )	/ 2 )
	=	693.297	/	( (6448.697	+	5962.193)	/ 2 )
	=	693.297	/	6205.445
	=	11.17 %

Gamania Digital Entertainment Co'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 )
	=	-362.952	/	( ( (10170.475 - 4147.354)	+	(9821.777 - 3859.584) )	/ 2 )
	=	-362.952	/	( ( 6023.121	+	5962.193 )	/ 2 )
	=	-362.952	/	5992.657
	=	-6.06 %

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

Gamania Digital Entertainment Co (ROCO:6180) 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.

Gamania Digital Entertainment Co ROCE % Related Terms

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Gamania Digital Entertainment Co (ROCO:6180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gamania Digital Entertainment Co Ltd (ROCO:6180) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.111, Ruihu Street, Neihu District, Taipei, TWN, 11494

Website

https://www.gamania.com

Gamania Digital Entertainment Co Ltd is engaged in developing software for online games, multi-platform digital content, animation, and all forms of digital entertainment. The company's digital entertainment platform beanfun offers a great variety of game genres. The majority of the revenue is generated from online and mobile games. The company operates in Taiwan, Asia, and other countries, out of which Taiwan accounts for the majority of the revenue.

Gamania Digital Entertainment Co (ROCO:6180) Headlines

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