GameOn Entertainment Technologies (FRA:9E7) ROCE %: 26.02% (As of Jun. 2024)


What is GameOn Entertainment Technologies ROCE %?

GameOn Entertainment Technologies FRA:9E7 ROCE % is 26.02% as of Jun. 2024.

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. GameOn Entertainment Technologies's annualized ROCE % for the quarter that ended in Jun. 2024 was 26.02%.

GameOn Entertainment Technologies  (FRA:9E7) 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.

GameOn Entertainment Technologies ROCE % Related Terms

GameOn Entertainment Technologies ROCE % Historical Data

* Premium members only.

The historical data trend for GameOn Entertainment Technologies'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.

GameOn Entertainment Technologies ROCE % Chart

GameOn Entertainment Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
-16.46 -182.78 -85.22 -89.96

GameOn Entertainment Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -83.52 -155.30 -84.80 134.87 26.02

GameOn Entertainment Technologies ROCE % Calculation

GameOn Entertainment Technologies'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 )
=-1.824/( ( (3.862 - 1.144) + (3.63 - 2.293) )/ 2 )
=-1.824/( (2.718+1.337)/ 2 )
=-1.824/2.0275
=-89.96 %

GameOn Entertainment Technologies'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: Mar. 2024 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=0.492/( ( (3.872 - 2.006) + (3.858 - 1.942) )/ 2 )
=0.492/( ( 1.866 + 1.916 )/ 2 )
=0.492/1.891
=26.02 %

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

* 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 ROCE % →
What does a ROCE % of 26.02% mean?
GameOn Entertainment Technologies (FRA:9E7) has a ROCE % of 26.02% as of Jun. 2024.
Is GameOn Entertainment Technologies' ROCE % too high?
GameOn Entertainment Technologies' current ROCE % is 26.02%. The Interactive Media industry median ROCE % is 3.15. GameOn Entertainment Technologies' value of 26.02% is 726% above this industry median.
How does GameOn Entertainment Technologies' ROCE % compare to FRZT and NTES?
GameOn Entertainment Technologies' ROCE % of 26.02% can be compared against companies in the Interactive Media industry. The industry median ROCE % is 3.15. GameOn Entertainment Technologies' value of 26.02% is 726% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Interactive Media company?
The median ROCE % among Interactive Media companies is 3.15, based on 545 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GameOn Entertainment Technologies's current ROCE % of 26.02% is 726% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Interactive Media industry, the median ROCE % is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GameOn Entertainment Technologies's current ROCE % is 26.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GameOn Entertainment Technologies stock overvalued right now?
GameOn Entertainment Technologies (FRA:9E7) has a current ROCE % of 26.02%. The current ROCE % is 26.02% and 726% above the Interactive Media industry median of 3.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For GameOn Entertainment Technologies (FRA:9E7), the current ROCE % is 26.02% as of Jun. 2024. 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.

GameOn Entertainment Technologies Business Description

Address 750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7
GameOn Entertainment Technologies Inc is a next-generation fantasy sports technology company.