Game Hours (ROCO:6626) ROCE % : -41.48% (As of Dec. 2023)

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What is Game Hours 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. Game Hours's annualized ROCE % for the quarter that ended in Dec. 2023 was -41.48%.

Game Hours ROCE % Historical Data

The historical data trend for Game Hours'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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Game Hours ROCE % Chart

Game Hours Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.56

-27.96

-8.10

-43.89

-56.83

Game Hours Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														2.65	-14.79	-75.29	-72.83	-41.48

Game Hours ROCE % Calculation

Game Hours'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 )
	=	-83.884	/	( ( (434.697 - 251.529)	+	(244.578 - 132.525) )	/ 2 )
	=	-83.884	/	( (183.168	+	112.053)	/ 2 )
	=	-83.884	/	147.6105
	=	-56.83 %

Game Hours'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-51.486	/	( ( (351.838 - 215.675)	+	(244.578 - 132.525) )	/ 2 )
	=	-51.486	/	( ( 136.163	+	112.053 )	/ 2 )
	=	-51.486	/	124.108
	=	-41.48 %

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

Game Hours (ROCO:6626) 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.

Game Hours ROCE % Related Terms

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Game Hours (ROCO:6626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Game Hours Inc (ROCO:6626) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

5th Floor, 189 Yanping South Road, Zhongzheng District, Taipei, TWN, 100

Website

http://www.wegames.biz

Game Hours Inc, formerly WeGames Corp is a Taiwan based company involved in the development of mobile games. It specializes in the card, arpg, social, and growing games. Some of the games offered by the company include Time to kill, RO. Eternal Love, Ragnarok Web, Game of Power and Academy of War.

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