TGS Esports (TGS Esports) ROCE % : 0.00% (As of Mar. 2022)

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What is TGS Esports 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. TGS Esports's annualized ROCE % for the quarter that ended in Mar. 2022 was 0.00%.

TGS Esports ROCE % Historical Data

The historical data trend for TGS Esports'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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TGS Esports ROCE % Chart

TGS Esports Annual Data

Trend

Jun20

Jun21

ROCE %

TGS Esports Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
ROCE %	Get a 7-Day Free Trial				-134.43	-873.01	-836.23	-	-

TGS Esports ROCE % Calculation

TGS Esports's annualized ROCE % for the fiscal year that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2021 )		(A: Jun. 2020 )		(A: Jun. 2021 )
	=	-11.632	/	( ( (0.516 - 1.468)	+	(1.859 - 1.318) )	/ 2 )
	=	-11.632	/	( (-0.952	+	0.541)	/ 2 )
	=	-11.632	/	-0.2055
	=	5,660.34 %

TGS Esports's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	-1.86	/	( ( (1.095 - 1.402)	+	(1.414 - 2.189) )	/ 2 )
	=	-1.86	/	( ( -0.307	+	-0.775 )	/ 2 )
	=	-1.86	/	-0.541
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

TGS Esports (OTCPK:TGSEF) 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.

TGS Esports ROCE % Related Terms

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TGS Esports (TGS Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TGS Esports Inc (OTCPK:TGSEF) » Definitions » ROCE %

Comparable Companies

XMAD:MONI MIL:MTF LSE:DCD SGX:40E LSE:MIRA MIL:CDG BOM:540023 XKRX:348840 BOM:503691 LSE:BONH

Traded in Other Exchanges

N/A

Address

4211 No. 3 Road, Richmond, BC, CAN, V6X 2C3

Website

https://www.thegamingstadium.com

TGS Esports Inc is engaged in the business of providing and hosting esports events, tournaments, and leagues at both the amateur and professional levels both online and in person. Also, the company has an esports stadium to play and watch sports.