IGG (FRA:I91) ROCE % : 34.71% (As of Dec. 2023)

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What is IGG 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. IGG's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.71%.

IGG ROCE % Historical Data

The historical data trend for IGG'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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IGG ROCE % Chart

IGG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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57.80

64.51

12.83

-16.27

3.61

IGG Semi-Annual Data
	Jun14	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															-12.91	-9.76	-22.18	-26.64	34.71

IGG ROCE % Calculation

IGG'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 )
	=	11.845	/	( ( (440.891 - 109.118)	+	(434.14 - 109.332) )	/ 2 )
	=	11.845	/	( (331.773	+	324.808)	/ 2 )
	=	11.845	/	328.2905
	=	3.61 %

IGG'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 )
	=	104.658	/	( ( (419.856 - 141.613)	+	(434.14 - 109.332) )	/ 2 )
	=	104.658	/	( ( 278.243	+	324.808 )	/ 2 )
	=	104.658	/	301.5255
	=	34.71 %

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

IGG (FRA:I91) 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.

IGG ROCE % Related Terms

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IGG (FRA:I91) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » IGG Inc (FRA:I91) » Definitions » ROCE %

Comparable Companies

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IGGGF:USA 00799:Hong Kong

Address

80 Pasir Panjang Road, No. 18-84 Mapletree Business City, Singapore, SGP, 117372

Website

https://www.igg.com

IGG Inc develops, markets, and publishes mobile online games. Aside from Singapore, the company operates in the United States, Mainland China, Hong Kong, Canada, Japan, Korea, Thailand, and the Philippines. North America, Europe, and Asia contribute relatively equal shares of the company's total revenue. The company offers free-to-play mobile, browser, and client-based online games. IGG operates through its mobile games segment, which comprises most of the company's overall revenue. Some of its notable games include Castle Clash, Clash of Lords, Deck Heroes, and Texas Hold 'Em Poker Deluxe.

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