PlaySide Studios (FRA:QJ9) ROCE % : 41.63% (As of Dec. 2023)

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What is PlaySide Studios 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. PlaySide Studios's annualized ROCE % for the quarter that ended in Dec. 2023 was 41.63%.

PlaySide Studios ROCE % Historical Data

The historical data trend for PlaySide Studios'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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PlaySide Studios ROCE % Chart

PlaySide Studios Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

ROCE %

-41.22

17.46

-16.30

PlaySide Studios Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-4.39	27.42	-24.79	-8.62	41.63

PlaySide Studios ROCE % Calculation

PlaySide Studios's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.565	/	( ( (36.298 - 5.222)	+	(29.87 - 4.945) )	/ 2 )
	=	-4.565	/	( (31.076	+	24.925)	/ 2 )
	=	-4.565	/	28.0005
	=	-16.30 %

PlaySide Studios'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 )
	=	11.612	/	( ( (29.87 - 4.945)	+	(37.831 - 6.969) )	/ 2 )
	=	11.612	/	( ( 24.925	+	30.862 )	/ 2 )
	=	11.612	/	27.8935
	=	41.63 %

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

PlaySide Studios (FRA:QJ9) 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.

PlaySide Studios ROCE % Related Terms

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PlaySide Studios (FRA:QJ9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » PlaySide Studios Ltd (FRA:QJ9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLY:Australia

Address

75 Crockford Street, Level 1, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.playsidestudios.com

PlaySide Studios Ltd is a video game developer in Australia. The company delivers games across four platforms: Mobile, Virtual Reality (VR), Augmented Reality (AR) and PC. Some of its games include Ghost Pop, Flush Force, Defend the Bits, Dumb ways to dash, and many others. The company has one reportable segment, development and monetization of mobile , PC and console video games.

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