GRAVITY Co (FRA:GD8A) ROCE % : 41.03% (As of Sep. 2023)

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What is GRAVITY Co 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. GRAVITY Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 41.03%.

GRAVITY Co ROCE % Historical Data

The historical data trend for GRAVITY Co'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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GRAVITY Co ROCE % Chart

GRAVITY Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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51.26

57.91

45.48

36.79

44.62

GRAVITY Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															41.28	54.00	56.92	41.03	28.60

GRAVITY Co ROCE % Calculation

GRAVITY Co'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 )
	=	129.096	/	( ( (324.085 - 77.144)	+	(406.466 - 74.824) )	/ 2 )
	=	129.096	/	( (246.941	+	331.642)	/ 2 )
	=	129.096	/	289.2915
	=	44.62 %

GRAVITY Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	126.34	/	( ( (400.782 - 101.488)	+	(398.423 - 81.814) )	/ 2 )
	=	126.34	/	( ( 299.294	+	316.609 )	/ 2 )
	=	126.34	/	307.9515
	=	41.03 %

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

GRAVITY Co (FRA:GD8A) 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.

GRAVITY Co ROCE % Related Terms

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GRAVITY Co (FRA:GD8A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GRAVITY Co Ltd (FRA:GD8A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRVY:USA GD8A:Germany

Address

15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925

Website

https://www.gravity.co.kr

GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. Its principal product, Ragnarok Online, is an online game which is available in more than 91 markets. Its games include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation.

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