No Gravity Development (WAR:NGD) ROCE % : 71.65% (As of Dec. 2023)

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What is No Gravity Development 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. No Gravity Development's annualized ROCE % for the quarter that ended in Dec. 2023 was 71.65%.

No Gravity Development ROCE % Historical Data

The historical data trend for No Gravity Development'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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No Gravity Development ROCE % Chart

No Gravity Development Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-9.98

26.86

22.68

No Gravity Development Quarterly Data
	Dec21	Dec22	Dec23
ROCE %	-	-114.70	71.65

No Gravity Development ROCE % Calculation

No Gravity Development'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 )
	=	0.176	/	( ( (1.256 - 0.685)	+	(1.398 - 0.417) )	/ 2 )
	=	0.176	/	( (0.571	+	0.981)	/ 2 )
	=	0.176	/	0.776
	=	22.68 %

No Gravity Development's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	0.556	/	( ( (1.256 - 0.685)	+	(1.398 - 0.417) )	/ 2 )
	=	0.556	/	( ( 0.571	+	0.981 )	/ 2 )
	=	0.556	/	0.776
	=	71.65 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

No Gravity Development (WAR:NGD) 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.

No Gravity Development ROCE % Related Terms

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No Gravity Development (WAR:NGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » No Gravity Development SA (WAR:NGD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Dzika 15/13, Warszawa, POL, 00-172

Website

https://nogravitydevelopment.com

No Gravity Development SA operates as an independent development studio created by the listed computer game publisher No Gravity Games SA. It specializes mainly in porting (transferring from one hardware platform to another) games while maintaining the highest quality standards, with particular emphasis on console platforms, i.e. Nintendo Switch, Xbox One, Xbox Series, PlayStation 4, and PlayStation 5.