Forever Entertainment (WAR:FOR) ROCE % : 13.48% (As of Mar. 2024)

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What is Forever Entertainment 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. Forever Entertainment's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.48%.

Forever Entertainment ROCE % Historical Data

The historical data trend for Forever Entertainment'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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Forever Entertainment ROCE % Chart

Forever Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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47.06

70.24

6.69

31.39

17.13

Forever Entertainment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															17.67	17.45	10.64	23.44	13.48

Forever Entertainment ROCE % Calculation

Forever Entertainment'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 )
	=	7.553	/	( ( (48.37 - 5.741)	+	(50.085 - 4.548) )	/ 2 )
	=	7.553	/	( (42.629	+	45.537)	/ 2 )
	=	7.553	/	44.083
	=	17.13 %

Forever Entertainment's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	6.22	/	( ( (50.085 - 4.548)	+	(53.143 - 6.364) )	/ 2 )
	=	6.22	/	( ( 45.537	+	46.779 )	/ 2 )
	=	6.22	/	46.158
	=	13.48 %

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

Forever Entertainment (WAR:FOR) 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.

Forever Entertainment ROCE % Related Terms

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Forever Entertainment (WAR:FOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Forever Entertainment SA (WAR:FOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al. Zwyciestwa 96/98, Gdynia, POL, 81-451

Website

http://www.forever-entertainment.com

Forever Entertainment SA is an entertainment company that designs and manufactures computer game for different platforms. The company's games, such as Startioe, Not Dying Today, The Final Take, Zombillie, Teddy Floppy Ear, among others.