Art Games Studio (WAR:ARG) ROCE % : 37.29% (As of Mar. 2024)

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What is Art Games Studio 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. Art Games Studio's annualized ROCE % for the quarter that ended in Mar. 2024 was 37.29%.

Art Games Studio ROCE % Historical Data

The historical data trend for Art Games Studio'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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Art Games Studio ROCE % Chart

Art Games Studio Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.43

-18.18

-68.01

-42.07

-35.70

Art Games Studio 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															11.12	42.52	-23.17	-175.82	37.29

Art Games Studio ROCE % Calculation

Art Games Studio'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 )
	=	-0.229	/	( ( (1.094 - 0.377)	+	(0.911 - 0.345) )	/ 2 )
	=	-0.229	/	( (0.717	+	0.566)	/ 2 )
	=	-0.229	/	0.6415
	=	-35.70 %

Art Games Studio'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 )
	=	0.228	/	( ( (0.911 - 0.345)	+	(0.947 - 0.29) )	/ 2 )
	=	0.228	/	( ( 0.566	+	0.657 )	/ 2 )
	=	0.228	/	0.6115
	=	37.29 %

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

Art Games Studio (WAR:ARG) 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.

Art Games Studio ROCE % Related Terms

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Art Games Studio (WAR:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Art Games Studio SA (WAR:ARG) » Definitions » ROCE %

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Address

ul. Powazkowska 15, Warsaw, POL, 01-797

Website

https://www.art-games.com

Art Games Studio SA is a Poland based company operates in the video games market, specializing in the production and distribution of desktop games. The group has developed games such as Earthworms, Bad Dream: Fever and Escape Doodland for sale. The company has made games available for IOS, Android and other types of consoles.

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