MindArk PE AB (XSAT:MNDRK) ROCE % : 84.14% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is MindArk PE 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. MindArk PE AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 84.14%.

MindArk PE AB ROCE % Historical Data

The historical data trend for MindArk PE 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.

* Premium members only.

MindArk PE AB ROCE % Chart

MindArk PE AB Annual Data

Trend

Dec21

Dec23

ROCE %

9.40

14.94

MindArk PE AB Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	13.63	-42.52	5.45	84.14

MindArk PE AB ROCE % Calculation

MindArk PE 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. 2021 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	19.358	/	( ( (150.308 - 21.086)	+	(151.254 - 21.292) )	/ 2 )
	=	19.358	/	( (129.222	+	129.962)	/ 2 )
	=	19.358	/	129.592
	=	14.94 %

MindArk PE AB'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	107.292	/	( ( (148.757 - 23.698)	+	(151.254 - 21.292) )	/ 2 )
	=	107.292	/	( ( 125.059	+	129.962 )	/ 2 )
	=	107.292	/	127.5105
	=	84.14 %

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

MindArk PE AB (XSAT:MNDRK) 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.

MindArk PE AB ROCE % Related Terms

Thank you for viewing the detailed overview of MindArk PE AB's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

MindArk PE AB (XSAT:MNDRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MindArk PE AB (XSAT:MNDRK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Masthamnsgatan 5, Gothenburg, SWE, SE 413 27

Website

https://www.mindark.com

MindArk PE AB develops and operates Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual universe with an integrated economic system and stunning graphics. The client software is free-of-charge and available to anyone with internet access. The Entropia Platform is a secure entertainment and business platform, enabling companies and organizations all over the world to build content on themed planets inside Entropia Universe.

MindArk PE AB (XSAT:MNDRK) Headlines

No Headlines