Ourgame International Holdings (FRA:13O) ROCE % : -8.06% (As of Jun. 2023)

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What is Ourgame International Holdings 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. Ourgame International Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -8.06%.

Ourgame International Holdings ROCE % Historical Data

The historical data trend for Ourgame International Holdings'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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Ourgame International Holdings ROCE % Chart

Ourgame International Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-57.34

-48.71

-54.26

-20.95

-9.88

Ourgame International Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-20.74	-25.20	-15.40	-4.58	-8.06

Ourgame International Holdings ROCE % Calculation

Ourgame International Holdings'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 )
	=	-9.839	/	( ( (112.551 - 10.047)	+	(104.749 - 8.095) )	/ 2 )
	=	-9.839	/	( (102.504	+	96.654)	/ 2 )
	=	-9.839	/	99.579
	=	-9.88 %

Ourgame International Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-7.496	/	( ( (104.749 - 8.095)	+	(98.081 - 8.755) )	/ 2 )
	=	-7.496	/	( ( 96.654	+	89.326 )	/ 2 )
	=	-7.496	/	92.99
	=	-8.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Ourgame International Holdings (FRA:13O) 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.

Ourgame International Holdings ROCE % Related Terms

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Ourgame International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Ourgame International Holdings Ltd (FRA:13O) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, 31/F, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.ourgame.com

Ourgame International Holdings Ltd is engaged in the development and operation of online card and board, organizing and broadcasting online to offline mind-sports events, tournaments, TV shows and content. The company's products include board games, card games, mahjong games, casual games, flash games, Texas Hold'em, Fight the Landlord, mobile games, and other self-developed games. It organizes its business in three segments namely PC games, Mobile games and others which include game tournaments organized by the company. Revenue generated by the company mostly comes from China through sales of games as well as sponsorship income and other miscellaneous revenue.

Ourgame International Holdings Headlines

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