Winking Studios (SGX:WKS) ROCE % : 8.90% (As of Jun. 2024)

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What is Winking Studios 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. Winking Studios's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.90%.

Winking Studios ROCE % Historical Data

The historical data trend for Winking Studios'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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Winking Studios ROCE % Chart

Winking Studios Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

26.55

28.21

6.10

7.92

Winking Studios Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-	-	19.50	1.24	8.90

Winking Studios ROCE % Calculation

Winking Studios'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 )
	=	2.014	/	( ( (26.338 - 7.517)	+	(40.633 - 8.577) )	/ 2 )
	=	2.014	/	( (18.821	+	32.056)	/ 2 )
	=	2.014	/	25.4385
	=	7.92 %

Winking Studios's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	2.828	/	( ( (40.633 - 8.577)	+	(39.668 - 8.158) )	/ 2 )
	=	2.828	/	( ( 32.056	+	31.51 )	/ 2 )
	=	2.828	/	31.783
	=	8.90 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Winking Studios (SGX:WKS) 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.

Winking Studios ROCE % Related Terms

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Winking Studios Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Winking Studios Ltd (SGX:WKS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WKS:UK

Address

6 Raffles Quay, No. 14-06, Singapore, SGP, 048580

Website

https://www.winkingworks.com

Winking Studios Ltd is an art outsourcing and game development studio providing complete end-to-end art outsourcing and game development services across various platforms. The three primary business segments of the company are the Art Outsourcing Segment, Game Development Segment, and Global Publishing and Other Services Segment. The company derives maximum revenue from the Art Outsourcing Segment which creates and develops digital art assets as part of its provision of art outsourcing services. The Group can provide a wide gamut of design services that include 2D concept art, 3D modeling, 2D animation, 3D animation, and visual effects. This art includes environment design and game character design.

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