GMER (Good Gaming) ROCE % : 0.00% (As of Sep. 2024)

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What is Good Gaming 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. Good Gaming's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Good Gaming ROCE % Historical Data

The historical data trend for Good Gaming'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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Good Gaming ROCE % Chart

Good Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-128.02

-331.31

Good Gaming Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Good Gaming ROCE % Calculation

Good Gaming'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 )
	=	-0.984	/	( ( (1.056 - 0.426)	+	(0.484 - 0.52) )	/ 2 )
	=	-0.984	/	( (0.63	+	-0.036)	/ 2 )
	=	-0.984	/	0.297
	=	-331.31 %

Good Gaming's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.764	/	( ( (0.18 - 0.814)	+	(0.125 - 0.918) )	/ 2 )
	=	-0.764	/	( ( -0.634	+	-0.793 )	/ 2 )
	=	-0.764	/	-0.7135
	=	0 %

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

Good Gaming (OTCPK:GMER) 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.

Good Gaming ROCE % Related Terms

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Good Gaming Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Good Gaming Inc (OTCPK:GMER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

415 McFarlan Road, Suite 108, Kennett Square, PA, USA, 19348

Website

https://www.good-gaming.com

Good Gaming Inc operates as a tournament gaming platform and online destination, targeting esports players and participants. Its a publicly-traded interactive entertainment company that evolved gaming from traditional gaming to the creation of digital playgrounds across a vast array of platforms. It wants to be a full-service company providing Esports gaming tournaments and Minecraft experiences.

Executives

Jordan Axt	director	2130 N. LINCOLN PARK WEST, CHICAGO IL 60614
Tassos D. Recachinas	director, 10 percent owner, officer: President	130 BROOKFIELD AVE., FAIRFIELD CT 06825
Hillwinds Ocean Energy, Llc	10 percent owner, other: Control Person (Entity)	501 KINGS HIGHWAY EAST, SUITE 108, FAIRFIELD CT 06825
Mark S Simon	director, officer: President/CEO/CFO	345 S END AVENUE #7P, NEW YORK NY 10280