OverActive Media (OverActive Media) ROCE % : -5.50% (As of Dec. 2023)

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What is OverActive Media 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. OverActive Media's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.50%.

OverActive Media ROCE % Historical Data

The historical data trend for OverActive Media'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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OverActive Media ROCE % Chart

OverActive Media Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

10.64

-13.92

-37.57

-11.72

OverActive Media Quarterly Data
	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-148.68	-23.37	-11.96	-3.07	-5.50

OverActive Media ROCE % Calculation

OverActive Media'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 )
	=	-5.955	/	( ( (64.514 - 6.388)	+	(51.787 - 8.275) )	/ 2 )
	=	-5.955	/	( (58.126	+	43.512)	/ 2 )
	=	-5.955	/	50.819
	=	-11.72 %

OverActive Media'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 )
	=	-2.416	/	( ( (59.384 - 15.09)	+	(51.787 - 8.275) )	/ 2 )
	=	-2.416	/	( ( 44.294	+	43.512 )	/ 2 )
	=	-2.416	/	43.903
	=	-5.50 %

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

OverActive Media (OTCPK:OAMCF) 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.

OverActive Media ROCE % Related Terms

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OverActive Media (OverActive Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » OverActive Media Corp (OTCPK:OAMCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OAM:Canada

Address

41 Fraser Avenue, Toronto, ON, CAN, M6K 1Y7

Website

https://www.overactivemedia.com

OverActive Media Corp owns and operates an integrated portfolio of esports teams as well as audience engagement. It is involved in delivering sports, media, and entertainment products focused on esports, video games, content, culture, and live and online events for the next generation of fans. Its segments are Team Operations and Business Operations segments. The company generates maximum revenue from the Team Operations segment. Geographically, it derives a majority of revenue from Canada.