NetEnt AB (OSTO:NET IL B.PFD) ROCE % : 29.65% (As of Sep. 2020)

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What is NetEnt 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. NetEnt AB's annualized ROCE % for the quarter that ended in Sep. 2020 was 29.65%.

NetEnt AB ROCE % Historical Data

The historical data trend for NetEnt 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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NetEnt AB ROCE % Chart

NetEnt AB Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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62.89

65.74

60.79

64.07

22.70

NetEnt AB Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															26.21	9.22	21.28	27.48	29.65

NetEnt AB ROCE % Calculation

NetEnt AB's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	506.397	/	( ( (1351.829 - 378.274)	+	(4157.402 - 668.361) )	/ 2 )
	=	506.397	/	( (973.555	+	3489.041)	/ 2 )
	=	506.397	/	2231.298
	=	22.70 %

NetEnt AB's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	905.116	/	( ( (3868.387 - 826.712)	+	(3848.088 - 785.413) )	/ 2 )
	=	905.116	/	( ( 3041.675	+	3062.675 )	/ 2 )
	=	905.116	/	3052.175
	=	29.65 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

NetEnt AB (OSTO:NET IL B.PFD) 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.

NetEnt AB ROCE % Related Terms

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NetEnt AB (OSTO:NET IL B.PFD) Business Description

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Address

Vasagatan 16, Stockholm, SWE, SE-111 20

Website

http://www.netent.com

NetEnt AB is a Swedish company that is involved in the entertainment business and primarily develops and sells casino systems and game applications. The company's gaming portfolio comprises various game categories, including video slots, the firm's most popular category; branded games; live casino; table games; video poker; lottery and other; mini games; and pooled jackpot games. NetEnt and its customers, which are casino operators, work according to a partnership model where gaming operators pay a monthly license fee to NetEnt calculated as a percentage of the game win generated by NetEnt's games. Outside Sweden, the firm has expanded across Europe, namely in Spain and the United Kingdom, as well as New Jersey in the United States.

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