Adventure Box Technology AB (OSTO:ADVBOX) ROCE % : -50.20% (As of Sep. 2023)

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What is Adventure Box Technology AB 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. Adventure Box Technology AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -50.20%.

Adventure Box Technology AB ROCE % Historical Data

The historical data trend for Adventure Box Technology AB'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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Adventure Box Technology AB ROCE % Chart

Adventure Box Technology AB Annual Data

Trend

Aug17

Aug18

Aug19

Dec20

Dec21

Dec22

ROCE %

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-4.33

-4.86

-33.50

-79.06

-75.69

Adventure Box Technology AB Quarterly Data
	Aug17	Aug18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-40.84	-239.99	-62.90	-49.96	-50.20

Adventure Box Technology AB ROCE % Calculation

Adventure Box Technology AB's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-24.797	/	( ( (40.782 - 7.123)	+	(35.45 - 3.59) )	/ 2 )
	=	-24.797	/	( (33.659	+	31.86)	/ 2 )
	=	-24.797	/	32.7595
	=	-75.69 %

Adventure Box Technology AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-11.356	/	( ( (26.976 - 2.95)	+	(24.459 - 3.243) )	/ 2 )
	=	-11.356	/	( ( 24.026	+	21.216 )	/ 2 )
	=	-11.356	/	22.621
	=	-50.20 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Adventure Box Technology AB (OSTO:ADVBOX) 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.

Adventure Box Technology AB ROCE % Related Terms

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Adventure Box Technology AB (OSTO:ADVBOX) Business Description

Industry

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799:Germany

Address

Sveavagen 166, Stockholm, SWE, 113 46

Website

https://corp.adventurebox.com

Adventure Box Technology AB is an online game provider. The company provides an online platform where users can make, share and play 3D games. It offers s KoGaMa, a social cloud platform for user-created computer games, which makes it easy and fun to create, share and play 3D games online.

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