Modern Times Group MTG AB (FRA:MRTA) ROCE % : 5.91% (As of Mar. 2024)

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What is Modern Times Group MTG AB 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. Modern Times Group MTG AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.91%.

Modern Times Group MTG AB ROCE % Historical Data

The historical data trend for Modern Times Group MTG AB'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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Modern Times Group MTG AB ROCE % Chart

Modern Times Group MTG AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.98

1.46

1.26

4.78

4.85

Modern Times Group MTG AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.00	6.19	6.75	2.78	5.91

Modern Times Group MTG AB ROCE % Calculation

Modern Times Group MTG AB'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 )
	=	69.193	/	( ( (1707.168 - 252.055)	+	(1564.539 - 166.815) )	/ 2 )
	=	69.193	/	( (1455.113	+	1397.724)	/ 2 )
	=	69.193	/	1426.4185
	=	4.85 %

Modern Times Group MTG AB'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 )
	=	83.772	/	( ( (1564.539 - 166.815)	+	(1603.392 - 164.448) )	/ 2 )
	=	83.772	/	( ( 1397.724	+	1438.944 )	/ 2 )
	=	83.772	/	1418.334
	=	5.91 %

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

Modern Times Group MTG AB (FRA:MRTA) 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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Modern Times Group MTG AB (FRA:MRTA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MTG B:Sweden MTG A:Sweden 0GXJ:UK MRTA:Germany

Address

Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13

Website

https://www.mtg.com

Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play (F2P) basis, and the group primarily generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

Modern Times Group MTG AB (FRA:MRTA) Headlines

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