NeoGames (NeoGames) ROCE % : -3.28% (As of Sep. 2023)

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What is NeoGames 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. NeoGames's annualized ROCE % for the quarter that ended in Sep. 2023 was -3.28%.

NeoGames ROCE % Historical Data

The historical data trend for NeoGames'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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NeoGames ROCE % Chart

NeoGames Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-7.25

9.70

26.72

12.92

-2.22

NeoGames Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial														-3.65	8.66	0.30	-7.02	-3.28

NeoGames ROCE % Calculation

NeoGames'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 )
	=	-5.174	/	( ( (115.755 - 34.126)	+	(460.944 - 77.004) )	/ 2 )
	=	-5.174	/	( (81.629	+	383.94)	/ 2 )
	=	-5.174	/	232.7845
	=	-2.22 %

NeoGames'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 )
	=	-12.34	/	( ( (459.94 - 77.747)	+	(440.226 - 70.561) )	/ 2 )
	=	-12.34	/	( ( 382.193	+	369.665 )	/ 2 )
	=	-12.34	/	375.929
	=	-3.28 %

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

NeoGames (NAS:NGMS) 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.

NeoGames ROCE % Related Terms

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NeoGames (NeoGames) Business Description

Industry

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Comparable Companies

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Address

10 Habarzel Street, Tel Aviv, ISR, 6971014

Website

https://www.neogames.com

NeoGames SA is a technology-driven firm primarily engaged in the lottery industry. It is a B2G and B2B technology and service provider to state lotteries and other lottery operators. It offers solutions for lottery games including instant and draw-based games via personal computers, smartphones, and handheld devices. The company provides services in four key areas namely, marketing operations, player operations, technology operations, and business operations.