Playground Ventures (XCNQ:PLAY) ROCE % : 0.00% (As of Sep. 2023)

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What is Playground Ventures 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. Playground Ventures's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Playground Ventures ROCE % Historical Data

The historical data trend for Playground Ventures'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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Playground Ventures ROCE % Chart

Playground Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-643.73

-79.15

-52.46

-45.27

Playground Ventures Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-10.17	-39.80	-	-	-

Playground Ventures ROCE % Calculation

Playground Ventures's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.119	/	( ( (6.617 - 0.729)	+	(0.126 - 1.07) )	/ 2 )
	=	-1.119	/	( (5.888	+	-0.944)	/ 2 )
	=	-1.119	/	2.472
	=	-45.27 %

Playground Ventures's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.192	/	( ( (0.069 - 0.349)	+	(0.053 - 0.384) )	/ 2 )
	=	-0.192	/	( ( -0.28	+	-0.331 )	/ 2 )
	=	-0.192	/	-0.3055
	=	0 %

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

Playground Ventures (XCNQ:PLAY) 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.

Playground Ventures ROCE % Related Terms

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Playground Ventures (XCNQ:PLAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Playground Ventures Inc (XCNQ:PLAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100-736 Granville Street, Vancouver, BC, CAN, V6Z 1G3

Website

http://www.playgroundventures.com

Playground Ventures Inc, formerly Blocplay Entertainment Inc is a Canada-based video game publisher that publishes video games that either develop internally or engage a video game developer to build. The company is mainly engaged in the business of software games development and related services. The company derives its revenue from development fees, which is contract-specific for the development of technology; and online game sales, and platform sales.

Executives

Damien Edward Reynolds

10% Security Holder