Allied Gaming & Entertainment (Allied Gaming & Entertainment) ROCE % : -10.70% (As of Mar. 2024)

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What is Allied Gaming & Entertainment 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. Allied Gaming & Entertainment's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.70%.

Allied Gaming & Entertainment ROCE % Historical Data

The historical data trend for Allied Gaming & Entertainment'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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Allied Gaming & Entertainment ROCE % Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.36

-97.03

-23.06

-11.83

-6.79

Allied Gaming & Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-11.47	-6.20	-2.87	-8.06	-10.70

Allied Gaming & Entertainment ROCE % Calculation

Allied Gaming & Entertainment's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-6.6	/	( ( (97.73 - 3.299)	+	(112.017 - 11.952) )	/ 2 )
	=	-6.6	/	( (94.431	+	100.065)	/ 2 )
	=	-6.6	/	97.248
	=	-6.79 %

Allied Gaming & Entertainment's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-10.7	/	( ( (112.017 - 11.952)	+	(117.016 - 17.117) )	/ 2 )
	=	-10.7	/	( ( 100.065	+	99.899 )	/ 2 )
	=	-10.7	/	99.982
	=	-10.70 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Allied Gaming & Entertainment (OTCPK:AGAEW) 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.

Allied Gaming & Entertainment ROCE % Related Terms

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Allied Gaming & Entertainment (Allied Gaming & Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (OTCPK:AGAEW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AGAE:USA 2AA:Germany

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.