Skillz (Skillz) ROCE %

: -33.50% (As of Sep. 2023)

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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. Skillz's annualized ROCE % for the quarter that ended in Sep. 2023 was -33.50%.

Skillz ROCE % Historical Data

The historical data trend for Skillz'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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Skillz Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-74.39

-112.09

-35.60

-55.62

Skillz Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %													-40.53	-87.66	-23.03	-17.55	-33.50

Skillz ROCE % Calculation

Skillz's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-415.228	/	( ( (1021.124 - 99.816)	+	(621.295 - 49.495) )	/ 2 )
	=	-415.228	/	( (921.308	+	571.8)	/ 2 )
	=	-415.228	/	746.554
	=	-55.62 %

Skillz'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 )
	=	-125.028	/	( ( (447.389 - 64.32)	+	(428.119 - 64.798) )	/ 2 )
	=	-125.028	/	( ( 383.069	+	363.321 )	/ 2 )
	=	-125.028	/	373.195
	=	-33.50 %

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

Skillz (NYSE:SKLZ) 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.

Skillz ROCE % Related Terms

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Skillz (Skillz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Skillz Inc (NYSE:SKLZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SKLZ:Mexico

Address

P.O. Box 445, San francisco, CA, USA, 94104

Website

https://www.skillz.com

Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market.

Executives

Jason Roswig	officer: President & CFO	PO BOX 445, SAN FRANCISCO CA 94104
Andrew Paradise	director, officer: Chief Executive Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Andrew Dahlinghaus	officer: General Counsel	P.O. BOX 445, SAN FRANCISCO CA 94104
Kevin Chessen	director	1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Elly Ryu	officer: Controller/Head of Accounting	245 FIRST STREET, SUITE 1800, CAMBRIDGE MA 02142
Alvin Lobo	officer: Chief Financial Officer	P.O. BOX 445, SAN FRANCISCO CA 94104
Alexander Mandel	director	1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Stanley Mbugua	officer: Chief Accounting Officer	SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Seth Schorr	director	PO BOX 445, SAN FRANCISCO CA 94104
Henry M. Hoffman	director	PO BOX 445, SAN FRANCISCO CA 94104
Shari Glazer	director	PO BOX 445, SAN FRANCISCO CA 94104
Harry Sloan	director, 10 percent owner, officer: CEO, Chairman	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Jerome Leon Bruckheimer	director	PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436
Christopher S Gaffney	director	C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Casey Chafkin	director, officer: Chief Revenue Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445