Kinda Brave Entertainment Group AB (OSTO:BRAVE) ROCE % : -102.18% (As of Dec. 2024)

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What is Kinda Brave Entertainment Group 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. Kinda Brave Entertainment Group AB's annualized ROCE % for the quarter that ended in Dec. 2024 was -102.18%.

Kinda Brave Entertainment Group AB ROCE % Historical Data

The historical data trend for Kinda Brave Entertainment Group 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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Kinda Brave Entertainment Group AB ROCE % Chart

Kinda Brave Entertainment Group AB Annual Data

Trend

Dec22

Dec23

Dec24

ROCE %

-17.26

-83.90

-87.42

Kinda Brave Entertainment Group AB Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial				-144.45	-36.68	-35.05	-84.50	-102.18

Kinda Brave Entertainment Group AB ROCE % Calculation

Kinda Brave Entertainment Group AB's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-22.054	/	( ( (23.615 - 0)	+	(54.726 - 27.888) )	/ 2 )
	=	-22.054	/	( (23.615	+	26.838)	/ 2 )
	=	-22.054	/	25.2265
	=	-87.42 %

Kinda Brave Entertainment Group AB's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-33.064	/	( ( (62.505 - 24.624)	+	(54.726 - 27.888) )	/ 2 )
	=	-33.064	/	( ( 37.881	+	26.838 )	/ 2 )
	=	-33.064	/	32.3595
	=	-102.18 %

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

Kinda Brave Entertainment Group AB (OSTO:BRAVE) 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.

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Kinda Brave Entertainment Group AB Business Description

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Traded in Other Exchanges

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Address

Bergsbrunnagatan 10, Uppsala, SWE, 754 50

Website

https://www.kindabrave.com

Kinda Brave Entertainment Group AB is a game portfolio company focused on acquiring game studios and IP, developing internal studios and a 3rd party publishing division to scout new talented developers innovating for the next zeitgeist. It conduct software development, publishing and consulting activities in digital entertainment as well as operation of associated IT solutions.

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