Punch Punk (WAR:PPG) ROC %: -3.51% (As of Mar. 2023)


WAR:PPG Punch Punk SA WAR:PPG
24 GF Score
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What is Punch Punk ROC %?

Punch Punk WAR:PPG 24 ROC % is -3.51% as of Mar. 2023. GuruFocus rates WAR:PPG with a GF Score™ of 24/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Punch Punk's annualized return on capital (ROC %) for the quarter that ended in Mar. 2023 was -3.51%.

As of today (2026-06-29), Punch Punk's WACC % is 0.00%. Punch Punk's ROC % is 0.00% (calculated using TTM income statement data). Punch Punk earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Punch Punk  (WAR:PPG) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Punch Punk's WACC % is 0.00%. Punch Punk's ROC % is 0.00% (calculated using TTM income statement data). Punch Punk earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Punch Punk ROC % Related Terms

Punch Punk ROC % Historical Data

* Premium members only.

The historical data trend for Punch Punk's ROC % 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.

Punch Punk ROC % Chart

Punch Punk Annual Data
Trend Dec19 Dec20 Dec21
ROC %
5.01 -1.32 -7.77

Punch Punk Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -9.33 2.89 0.00 -3.51
WAR:PPG
24GF Score
Punch Punk SA WAR:PPG
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Punch Punk ROC % Calculation

Punch Punk's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2021 is calculated as:

ROC % (A: Dec. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2020 ) + Invested Capital (A: Dec. 2021 ))/ count )
=-0.364 * ( 1 - 0% )/( (4.166 + 5.204)/ 2 )
=-0.364/4.685
=-7.77 %

where

Invested Capital(A: Dec. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.291 - 0.25 - ( 0.875 - max(0, 0.36 - 5.068+0.875))
=4.166

Invested Capital(A: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.968 - 0.38 - ( 0.384 - max(0, 0.514 - 5.95+0.384))
=5.204

Punch Punk's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-0.184 * ( 1 - 0% )/( (6.468 + 4.017)/ 2 )
=-0.184/5.2425
=-3.51 %

where

Invested Capital(Q: Sep. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6.539 - 0 - ( 0.071 - max(0, 1.351 - 6.528+0.071))
=6.468

Invested Capital(Q: Mar. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.096 - 1.033 - ( 0.046 - max(0, 1.202 - 3.718+0.046))
=4.017

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -3.51% mean?
Punch Punk (WAR:PPG) has a ROC % of -3.51% as of Mar. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Punch Punk and its competitors.
Is Punch Punk's ROC % too high?
Punch Punk's current ROC % is -3.51%. Overall, Punch Punk has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Punch Punk's ROC % compare to NTES and ATVI?
Punch Punk's ROC % of -3.51% can be compared against companies in the Interactive Media industry. The industry median ROC % is 1.88. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Interactive Media company?
The median ROC % among Interactive Media companies is 1.88, based on 560 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Punch Punk and its competitors. For the Interactive Media industry, the median ROC % is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Punch Punk's current ROC % is -3.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Punch Punk stock overvalued right now?
Punch Punk (WAR:PPG) has a current ROC % of -3.51%. The current ROC % is -3.51%. Punch Punk's overall GF Score™ is 24/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Punch Punk (WAR:PPG), the current ROC % is -3.51% as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Punch Punk Business Description

Address Ul. Aleja T. Kosciuszki, 80/82 301 Lodz, Lodzkie, POL, 90-437
Punch Punk SA is an independent studio from Warsaw. It creates games which original art style, story, and gameplay involving emotions. It combines games and films experience. The company has worked for Dead Island, Dying Light, Beat Cop.
24GF Score

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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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