GDEV (GDEV) ROCE % : 642.23% (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is GDEV 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. GDEV's annualized ROCE % for the quarter that ended in Jun. 2024 was 642.23%.

GDEV ROCE % Historical Data

The historical data trend for GDEV'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.

* Premium members only.

GDEV ROCE % Chart

GDEV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

1,349.94

GDEV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												-1,018.72	-	-	405.71	642.23

GDEV ROCE % Calculation

GDEV'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 )
	=	50.184	/	( ( (322.044 - 332.402)	+	(320.554 - 302.761) )	/ 2 )
	=	50.184	/	( (-10.358	+	17.793)	/ 2 )
	=	50.184	/	3.7175
	=	1,349.94 %

GDEV'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 )
	=	62.868	/	( ( (320.554 - 302.761)	+	(282.837 - 281.052) )	/ 2 )
	=	62.868	/	( ( 17.793	+	1.785 )	/ 2 )
	=	62.868	/	9.789
	=	642.23 %

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

GDEV (NAS:GDEV) 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.

GDEV ROCE % Related Terms

Thank you for viewing the detailed overview of GDEV's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

GDEV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GDEV Inc (NAS:GDEV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55, Griva Digeni, Limassol, CYP, 3101

Website

https://gdev.inc

GDEV Inc is a gaming and entertainment holding company that oversees a portfolio of studios focused on developing and publishing live-service games across a range of platforms and genres. Its portfolio includes studios specializing in mobile, browser, and PC games, as well as captivating IPs spanning various genres.