iCandy Interactive (ASX:ICI) ROCE % : 1.18% (As of Jun. 2024)

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What is iCandy Interactive 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. iCandy Interactive's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.18%.

iCandy Interactive ROCE % Historical Data

The historical data trend for iCandy Interactive'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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iCandy Interactive ROCE % Chart

iCandy Interactive Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-85.96

-3.49

-16.92

0.50

-16.28

iCandy Interactive Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												4.22	-2.27	-9.45	-22.95	1.18

iCandy Interactive ROCE % Calculation

iCandy Interactive'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 )
	=	-12.513	/	( ( (93.25 - 6.727)	+	(74.097 - 6.886) )	/ 2 )
	=	-12.513	/	( (86.523	+	67.211)	/ 2 )
	=	-12.513	/	76.867
	=	-16.28 %

iCandy Interactive's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0.802	/	( ( (74.097 - 6.886)	+	(72.243 - 3.861) )	/ 2 )
	=	0.802	/	( ( 67.211	+	68.382 )	/ 2 )
	=	0.802	/	67.7965
	=	1.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

iCandy Interactive (ASX:ICI) 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.

iCandy Interactive ROCE % Related Terms

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iCandy Interactive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » iCandy Interactive Ltd (ASX:ICI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 William Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.icandy.io

iCandy Interactive Ltd is an investment holding company. The company is engaged in developing and publishing freenium games for smartphones, which are free-to-download and free-to-play for platers. It has two operating segments: Game development services; which is also the key revenue driver. and Game development and publishing for the development of intellectual properties for software applications and games.