Draw Distance (WAR:DDI) ROCE % : 48.63% (As of Mar. 2024)

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What is Draw Distance 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. Draw Distance's annualized ROCE % for the quarter that ended in Mar. 2024 was 48.63%.

Draw Distance ROCE % Historical Data

The historical data trend for Draw Distance'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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Draw Distance ROCE % Chart

Draw Distance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.50

18.64

-13.29

-2.96

-18.32

Draw Distance 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															44.04	-13.24	4.78	-115.34	48.63

Draw Distance ROCE % Calculation

Draw Distance'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 )
	=	-0.606	/	( ( (11.396 - 7.18)	+	(10.345 - 7.945) )	/ 2 )
	=	-0.606	/	( (4.216	+	2.4)	/ 2 )
	=	-0.606	/	3.308
	=	-18.32 %

Draw Distance'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 )
	=	1.236	/	( ( (10.345 - 7.945)	+	(10.48 - 7.797) )	/ 2 )
	=	1.236	/	( ( 2.4	+	2.683 )	/ 2 )
	=	1.236	/	2.5415
	=	48.63 %

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

Draw Distance (WAR:DDI) 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.

Draw Distance ROCE % Related Terms

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Draw Distance (WAR:DDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Draw Distance SA (WAR:DDI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cystersow 20A, Krakow, POL, 31-553

Website

https://www.drawdistance.dev

Draw Distance SA is a Poland based gaming company. The company is engaged in the development of various games such as Vampire: The Masquerade - Coteries of New York, Serial Cleaner, Halls of Horror, Ritual Crown of Horns and Far Peak among others. It operates on all major platforms including PC, PS4, Xbox One, Nintendo Switch, iOS, and Android.