Beyond Frames Entertainment AB (XSAT:BEYOND) ROCE % : -34.93% (As of Sep. 2024)

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What is Beyond Frames Entertainment AB 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. Beyond Frames Entertainment AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -34.93%.

Beyond Frames Entertainment AB ROCE % Historical Data

The historical data trend for Beyond Frames Entertainment AB'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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Beyond Frames Entertainment AB ROCE % Chart

Beyond Frames Entertainment AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-35.86

-20.54

-14.48

-26.89

-6.44

Beyond Frames Entertainment AB 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															-10.04	-0.98	0.63	-41.81	-34.93

Beyond Frames Entertainment AB ROCE % Calculation

Beyond Frames Entertainment AB'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 )
	=	-5.662	/	( ( (99.401 - 7.627)	+	(105.281 - 21.293) )	/ 2 )
	=	-5.662	/	( (91.774	+	83.988)	/ 2 )
	=	-5.662	/	87.881
	=	-6.44 %

Beyond Frames Entertainment AB'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 )
	=	-25.576	/	( ( (98.47 - 21.85)	+	(89.678 - 19.877) )	/ 2 )
	=	-25.576	/	( ( 76.62	+	69.801 )	/ 2 )
	=	-25.576	/	73.2105
	=	-34.93 %

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

Beyond Frames Entertainment AB (XSAT:BEYOND) 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.

Beyond Frames Entertainment AB ROCE % Related Terms

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Beyond Frames Entertainment AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Beyond Frames Entertainment AB (XSAT:BEYOND) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Folkungagatan 44, Stockholm, SWE, 118 26

Website

https://www.beyondframes.com

Beyond Frames Entertainment AB is a Sweden-based company operating in the computer game industry. The company is mainly engaged in the development of digital games and entertainment through several independent studios focusing on Virtual and Augmented Reality. Games offered by the company include Wands (Cortopia Studios), Xion (Zenz VR), X-Fire (Zenz VR), and HordeZ (Zenz VR).

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