Snail (SNAL) ROCE % : 105.03% (As of Dec. 2023)

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What is Snail 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. Snail's annualized ROCE % for the quarter that ended in Dec. 2023 was 105.03%.

Snail ROCE % Historical Data

The historical data trend for Snail'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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Snail ROCE % Chart

Snail Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

63.68

23.84

-2.21

-48.91

Snail Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-101.20	-73.16	-136.78	-213.80	105.03

Snail ROCE % Calculation

Snail'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 )
	=	-9.963	/	( ( (72.773 - 51.582)	+	(90.858 - 71.313) )	/ 2 )
	=	-9.963	/	( (21.191	+	19.545)	/ 2 )
	=	-9.963	/	20.368
	=	-48.91 %

Snail'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 )
	=	14.44	/	( ( (61.436 - 53.484)	+	(90.858 - 71.313) )	/ 2 )
	=	14.44	/	( ( 7.952	+	19.545 )	/ 2 )
	=	14.44	/	13.7485
	=	105.03 %

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

Snail (NAS:SNAL) 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.

Snail ROCE % Related Terms

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Snail (SNAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snail Inc (NAS:SNAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12049 Jefferson Boulevard, Culver City, CA, USA, 90230

Website

https://www.snail.com

Snail Inc is a global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PC's and mobile devices. Geographic presence of company is in United States and International majority of its revenue comes from United States.

Executives

Heidy Kingwan Chow	officer: Chief Financial Officer	92 KESTREL, IRVINE CA 92618
Neil Foster	director	320 W. 37TH STREET, 13TH FLOOR, NEW YORK NY 10018
Hai Shi	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Jim S. Tsai	officer: Chief Executive Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Sandra Pundmann	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Peter Yung Kang	officer: Chief Operating Officer	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Ying Zhou	director	12049 JEFFERSON BOULEVARD, CULVER CITY CA 90230
Xiaoming Ye	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Qianrong Capital Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Suzhou Ding Rong Investment Management Ltd	10 percent owner	ROOM 1702, BUILDING 1, NO. 9 CUIWEI STREET, SUZHOU F4 215123
Hua Yuan International Ltd	10 percent owner	ROOM 8201, INTERNATIONAL COMMERCE CENTRE, 1 AUSTIN ROAD WEST, KOWLOON, HONG KONG K3 999077
Ancient Jade (east) Holdings Ltd	10 percent owner	FLOOR 12 - TOWER D, NO.1 XUANWUMENWAI ST, XICHENG DISTRICT, BEIJING F4 100000