GigaMedia (GigaMedia) ROCE % : -7.42% (As of Sep. 2023)

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What is GigaMedia 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. GigaMedia's annualized ROCE % for the quarter that ended in Sep. 2023 was -7.42%.

GigaMedia ROCE % Historical Data

The historical data trend for GigaMedia'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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GigaMedia ROCE % Chart

GigaMedia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-5.34

-4.89

-3.91

-7.46

-5.93

GigaMedia Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-5.39	-5.43	-5.66	-7.53	-7.42

GigaMedia ROCE % Calculation

GigaMedia'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 )
	=	-3.019	/	( ( (55.518 - 3.216)	+	(52.136 - 2.637) )	/ 2 )
	=	-3.019	/	( (52.302	+	49.499)	/ 2 )
	=	-3.019	/	50.9005
	=	-5.93 %

GigaMedia'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 )
	=	-3.572	/	( ( (51.15 - 2.681)	+	(50.68 - 2.888) )	/ 2 )
	=	-3.572	/	( ( 48.469	+	47.792 )	/ 2 )
	=	-3.572	/	48.1305
	=	-7.42 %

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

GigaMedia (NAS:GIGM) 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.

GigaMedia ROCE % Related Terms

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GigaMedia (GigaMedia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GigaMedia Ltd (NAS:GIGM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GIFN:Germany

Address

Section 2, Tiding Boulevard, Lane 407, 8th Floor, No. 22, Neihu District, Taipei, TWN, 114

Website

http://www.gigamedia.com

GigaMedia Ltd is a publisher of online games. It has only one reportable segment, Digital Entertainment service. Digital Entertainment service business operates a portfolio of online games, mainly targeting online game players across Europe, Asia, including Greater China and Southeast Asia. The company's portfolio of online games includes predominantly PC-based, non-cash gambling or casino casual games, including MahJong and various card and table games. The company's product lines include MahJong, AkaSeka, Yume 100, Fun Vegas, and others. The company operates in Taiwan and Hong Kong.

Executives

Cheng-ming Huang	director, officer: CEO	8F, NO.22, LANE 407, SEC. 2 TIDING BLVD., TAIPEI F5 114
Hwang Collin	director	8F, NO. 22, LANE 407, SECTION 2, TIDING BLVD., TAIPEI F5 114
Criterion Capital Partners Master Fund, L.p.	10 percent owner	STRATHVALE HOUSE-GROUND FLOOR, NORTH CHURCH STREET, GEORGE TOWN E9 00000
Sanjay Motwani	other: N/A	C/O SANSAR CAPITAL MANAGEMENT, L.L.C., 25 WEST 53RD STREET, NEW YORK NY 10019
Sansar Performance, L.p.	other: N/A	C/O SANSAR CAPITAL MANAGEMENT, L.L.C., 25 WEST 53RD STREET, NEW YORK NY 10019
Sansar Capital Master Fund, L.p.	other: N/A	C/O SANSAR CAPITAL MANAGEMENT, L.L.C., 25 WEST 53RD STREET, NEW YORK NY 10019
Sansar Capital Special Opportunity Master Fund, L.p.	other: N/A	25 W 53RD STREET, 14TH FLOOR, NEW YORK NY 10019
Sansar Capital Management, L.l.c.	other: N/A	25 W 53RD STREET, 14TH FLOOR, NEW YORK NY 10019