Enad Global 7 AB (OSTO:EG7) ROCE % : -0.44% (As of Sep. 2024)

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What is Enad Global 7 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. Enad Global 7 AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.44%.

Enad Global 7 AB ROCE % Historical Data

The historical data trend for Enad Global 7 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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Enad Global 7 AB ROCE % Chart

Enad Global 7 AB Annual Data

Trend

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.36

-0.42

3.91

-5.85

5.12

Enad Global 7 AB 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															3.84	1.51	3.94	-2.15	-0.44

Enad Global 7 AB ROCE % Calculation

Enad Global 7 AB'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 )
	=	218.6	/	( ( (4952.3 - 716.9)	+	(4872.8 - 561.5) )	/ 2 )
	=	218.6	/	( (4235.4	+	4311.3)	/ 2 )
	=	218.6	/	4273.35
	=	5.12 %

Enad Global 7 AB'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 )
	=	-19.6	/	( ( (4907.3 - 401.1)	+	(4815.6 - 436.1) )	/ 2 )
	=	-19.6	/	( ( 4506.2	+	4379.5 )	/ 2 )
	=	-19.6	/	4442.85
	=	-0.44 %

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

Enad Global 7 AB (OSTO:EG7) 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.

Enad Global 7 AB ROCE % Related Terms

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Enad Global 7 AB Business Description

Industry

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ENADF:USA 0SG:Germany

Address

Sveavagen 17, 5th Floor, Stockholm, SWE, 111 57

Website

https://www.enadglobal7.com

Enad Global 7 AB operates within the gaming industry developing, marketing, publishing, and distributing PC, console, and mobile games to the gaming market. The company's game developers develop its original IPs, as well as act as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games, Toadman Studios, and Big Blue Bubble. In addition, the company's marketing department Petrol has contributed to the release of many titles, of which many are brands such as Call of Duty, Destiny, Dark Souls, and Rage. The company's reportable segments are; Daybreak which generates key revenue, Big Blue Bubble, Piranha, Toadman, Petrol, and Fireshine. Geographically, it derives key revenue from North America.

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