Gaming Innovation Group (OSL:GIG) ROCE % : 20.68% (As of Mar. 2024)

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What is Gaming Innovation Group 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. Gaming Innovation Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.68%.

Gaming Innovation Group ROCE % Historical Data

The historical data trend for Gaming Innovation Group'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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Gaming Innovation Group ROCE % Chart

Gaming Innovation Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.58

-13.31

9.24

20.26

15.49

Gaming Innovation Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.82	17.62	19.66	18.31	20.68

Gaming Innovation Group ROCE % Calculation

Gaming Innovation Group'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 )
	=	300.951	/	( ( (1936.039 - 402.091)	+	(3136.474 - 784.394) )	/ 2 )
	=	300.951	/	( (1533.948	+	2352.08)	/ 2 )
	=	300.951	/	1943.014
	=	15.49 %

Gaming Innovation Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	475.236	/	( ( (3136.474 - 784.394)	+	(3064.798 - 821.33) )	/ 2 )
	=	475.236	/	( ( 2352.08	+	2243.468 )	/ 2 )
	=	475.236	/	2297.774
	=	20.68 %

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

Gaming Innovation Group (OSL:GIG) 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.

Gaming Innovation Group ROCE % Related Terms

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Gaming Innovation Group (OSL:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaming Innovation Group Inc (OSL:GIG) » Definitions » ROCE %

Comparable Companies

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GIGo:Sweden GI11:Germany

Address

Golden Mile Business Centre, Triq Id-Dragunara, St Julian’s, MLT, 3148

Website

https://www.gig.com

Gaming Innovation Group Inc is an iGaming technology company, providing solutions, products and services to iGaming Operators. It operates iGamingCloud.com, a cloud-based platform as a software-as-a-service. It also offers business-to-consumer casino and sports betting services through its online gaming Websites and online performance marketing services. The company's vision is to be the industry leading platform and media provider delivering world class solutions to iGaming partners and their customers'. Its mission is to drive sustainable growth and profitability of partners through product innovation, scalable technology and quality of service.