Activision Blizzard ROCE %

: 6.09% (As of Jun. 2022)

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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. Activision Blizzard's annualized ROCE % for the quarter that ended in Jun. 2022 was 6.09%.

Activision Blizzard ROCE % Historical Data

The historical data trend for Activision Blizzard'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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Activision Blizzard Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

8.81

13.33

10.71

14.70

15.34

Activision Blizzard Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %																19.81	14.53	11.93	8.68	6.09

Activision Blizzard ROCE % Calculation

Activision Blizzard's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	3272	/	( ( (23109 - 3100)	+	(25056 - 2411) )	/ 2 )
	=	3272	/	( (20009	+	22645)	/ 2 )
	=	3272	/	21327
	=	15.34 %

Activision Blizzard's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	1392	/	( ( (25012 - 2291)	+	(24994 - 2024) )	/ 2 )
	=	1392	/	( ( 22721	+	22970 )	/ 2 )
	=	1392	/	22845.5
	=	6.09 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

Activision Blizzard (NAS:ATVI) 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.

Activision Blizzard ROCE % Related Terms

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Activision Blizzard Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Activision Blizzard Inc (NAS:ATVI) » Definitions » ROCE %

Comparable Companies

NAS:NTES NAS:EA NYSE:RBLX NAS:TTWO NAS:BILI NAS:PLTK NAS:AVID NYSE:SKLZ NAS:SOHU NAS:MYPS TSE:7974 TSE:3659 XKRX:259960 OSTO:EMBRAC B TSE:9766 SZSE:002555 TSE:9697 XKRX:036570 TSE:9684 TSE:3635

Traded in Other Exchanges

ATVI:Mexico 0H8X:UK AIY:Germany AIY:Germany AIY:Germany AIY:Germany AIY:Switzerland ATVI34:Brazil ATVI:Austria

Address

2701 Olympic Boulevard, Building B, Santa Monica, CA, USA, 90404

Website

https://www.activisionblizzard.com

Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.

Executives

Meservey Lulu Cheng	director	2701 OLYMPIC BOULEVARD BUILDING B SANTA MONICA CA 90404
Bulatao Brian	officer: Chief Administrative Officer	C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Dixton Grant Michael	officer: Chief Legal Officer	C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Zerza Armin	officer: Chief Financial Officer	C/O ACTIVISION BLIZZARD, INC 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Macartney Claudine	officer: Chief People Officer	AMERICAN INTERNATIONAL GROUP, INC. 175 WATER ST. NEW YORK NY 10038
Ostroff Dawn	director	3100 OCEAN PARK BOULEVARD SANTA MONICA CA 91405
Yang Jesse	officer: Chief Accounting Officer	C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Alegre Daniel	officer: President and COO	9800 59TH AVENUE NORTH MINNEAPOLIS MN 55317
Wereb Stephen G	officer: Principal Accounting Officer	C/O ACTIVISION, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Walther Christopher B	officer: Chief Legal Officer	C/O ACTIVISION BLIZZARD 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Bowers Reveta F	director	C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Johnson Collister	officer: President and COO	C/O ACTIVISION BLIZZARD, INC. 3100 OCEAN PARK BOULEVARD SANTA MONICA CA 90405
Neumann Spencer Adam	officer: Chief Financial Officer	SIERRA INCOME CORPORATION 375 PARK AVE., SUITE 3304 NEW YORK NY 10152
Asac Ii Lp	10 percent owner	C/O CHADWICK & COMPANY 225 HIGHWAY 35, SUITE 102C RED BANK NJ 07701
Asac Ii Llc	10 percent owner	C/O CHADWICK & COMPANY 225 HIGHWAY 35, SUITE 102C RED BANK NJ 07701

Activision Blizzard Headlines

From GuruFocus

First Pacific Advisors, LLC Buys Activision Blizzard Inc, Uber Technologies Inc, Open Text Corp, Sells VMware Inc, Booking Holdings Inc, Signature Bank

By insider 02-11-2022

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By PRNewswire 03-14-2022

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Activision Blizzard Inc.

By PRNewswire 01-18-2022

Markel Gayner Asset Management Corp Buys Activision Blizzard Inc, Dollar General Corp, Healthcare Services Group Inc, Sells International Flavors & Fragrances Inc, Citigroup Inc, Illumina Inc

By insider 02-04-2022

ACTIVISION BLIZZARD INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Activision Blizzard, Inc. - ATVI

By PRNewswire 01-20-2022

Cooke & Bieler Lp Buys Activision Blizzard Inc, London Stock Exchange Group PLC, Globe Life Inc, Sells CBRE Group Inc, Intercontinental Exchange Inc, United Parcel Service Inc

By insider 02-10-2022

Other Sources

Activision Blizzard ROCE %

Activision Blizzard ROCE % Historical Data

Activision Blizzard ROCE % Calculation

Activision Blizzard ROCE % Related Terms

Activision Blizzard Business Description

Activision Blizzard Headlines

First Pacific Advisors, LLC Buys Activision Blizzard Inc, Uber Technologies Inc, Open Text Corp, Sells VMware Inc, Booking Holdings Inc, Signature Bank

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates CTXS, BFC, SMFR, ATVI

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Activision Blizzard Inc.

Markel Gayner Asset Management Corp Buys Activision Blizzard Inc, Dollar General Corp, Healthcare Services Group Inc, Sells International Flavors & Fragrances Inc, Citigroup Inc, Illumina Inc

ACTIVISION BLIZZARD INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Activision Blizzard, Inc. - ATVI

SHAREHOLDER ALERT: WeissLaw LLP Investigates Activision Blizzard, Inc.

SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates ATVI, EXTN, TLMD, SPKB, VRS

Lifshitz Law Firm, P.C. Announces Investigation of ATVI, BFC, SMFR, and ZGNX

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