Devolver Digital (FRA:8CO) ROCE % : -3.87% (As of Dec. 2023)

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What is Devolver Digital 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. Devolver Digital's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.87%.

Devolver Digital ROCE % Historical Data

The historical data trend for Devolver Digital'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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Devolver Digital ROCE % Chart

Devolver Digital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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62.51

162.28

-40.67

-47.37

-6.64

Devolver Digital Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-50.45	-9.45	-81.92	-9.97	-3.87

Devolver Digital ROCE % Calculation

Devolver Digital'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 )
	=	-10.68	/	( ( (183.909 - 18.974)	+	(180.473 - 23.816) )	/ 2 )
	=	-10.68	/	( (164.935	+	156.657)	/ 2 )
	=	-10.68	/	160.796
	=	-6.64 %

Devolver Digital's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-5.88	/	( ( (169.982 - 22.391)	+	(180.473 - 23.816) )	/ 2 )
	=	-5.88	/	( ( 147.591	+	156.657 )	/ 2 )
	=	-5.88	/	152.124
	=	-3.87 %

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

Devolver Digital (FRA:8CO) 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.

Devolver Digital ROCE % Related Terms

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Devolver Digital (FRA:8CO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Devolver Digital Inc (FRA:8CO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DEVO:UK 8CO:Germany

Address

251 Little Falls Drive, Wilmington, New Castle County, DE, USA, 19808

Website

https://www.devolverdigital.com

Devolver Digital Inc is engaged in the business of gaming. Some of its games include Cut the Lamb, Shadow Warrior 3, Terra Nil, Death's Door, Boomerang X, Wizard with Gun, Loop Hero, Olija, and Serious Sam 4.

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