Megapixel Studio (WAR:MPS) ROCE % : 19.91% (As of Mar. 2024)

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What is Megapixel Studio 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. Megapixel Studio's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.91%.

Megapixel Studio ROCE % Historical Data

The historical data trend for Megapixel Studio'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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Megapixel Studio ROCE % Chart

Megapixel Studio Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-424.59

75.34

-32.20

75.86

-100.47

Megapixel Studio Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												58.57	-23.86	-1,649.31	-28.68	19.91

Megapixel Studio ROCE % Calculation

Megapixel Studio'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 )
	=	-2.47	/	( ( (4.885 - 3.088)	+	(4.698 - 1.578) )	/ 2 )
	=	-2.47	/	( (1.797	+	3.12)	/ 2 )
	=	-2.47	/	2.4585
	=	-100.47 %

Megapixel Studio'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 )
	=	0.636	/	( ( (4.698 - 1.578)	+	(5.386 - 2.117) )	/ 2 )
	=	0.636	/	( ( 3.12	+	3.269 )	/ 2 )
	=	0.636	/	3.1945
	=	19.91 %

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

Megapixel Studio (WAR:MPS) 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.

Megapixel Studio ROCE % Related Terms

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Megapixel Studio (WAR:MPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Megapixel Studio SA (WAR:MPS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Batorego 7, Gdynia, POL, 81-365

Website

https://www.megapixel-studio.com

Megapixel Studio SA is engaged in producing video games. The main goal of the studio is to create playable and recognizable games for all important platforms, with particular emphasis on consoles: Nintendo Switch, Xbox and PS4.

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