Artifex Mundi (WAR:ART) ROCE % : 32.49% (As of Sep. 2024)

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What is Artifex Mundi 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. Artifex Mundi's annualized ROCE % for the quarter that ended in Sep. 2024 was 32.49%.

Artifex Mundi ROCE % Historical Data

The historical data trend for Artifex Mundi'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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Artifex Mundi ROCE % Chart

Artifex Mundi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-47.96

36.10

38.38

25.35

39.89

Artifex Mundi 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															39.20	58.73	38.38	32.62	32.49

Artifex Mundi ROCE % Calculation

Artifex Mundi'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 )
	=	27.558	/	( ( (65.006 - 8.676)	+	(98.878 - 17.021) )	/ 2 )
	=	27.558	/	( (56.33	+	81.857)	/ 2 )
	=	27.558	/	69.0935
	=	39.89 %

Artifex Mundi'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 )
	=	34.368	/	( ( (121.29 - 19.265)	+	(129.245 - 19.725) )	/ 2 )
	=	34.368	/	( ( 102.025	+	109.52 )	/ 2 )
	=	34.368	/	105.7725
	=	32.49 %

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

Artifex Mundi (WAR:ART) 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.

Artifex Mundi ROCE % Related Terms

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Artifex Mundi Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Artifex Mundi SA (WAR:ART) » Definitions » ROCE %

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Address

Michala Archaniola 10, Zabrze, POL, 41-800

Website

https://www.artifexmundi.com

Artifex Mundi SA is a producer, co-producer and publisher of games for platforms including Android, iOS, Windows Phone, PC, Mac, Linux, Xbox One and PlayStation 4. Its business segments include Game segment premium, which includes the production of games monetyzowanych model try-before- you-buy and publishing activities and investment in the field of games monetyzowanych model try-before- you-buy.

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