GDEV (GDEV) ROCE % : 405.71% (As of Dec. 2023)

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What is GDEV 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. GDEV's annualized ROCE % for the quarter that ended in Dec. 2023 was 405.71%.

GDEV ROCE % Historical Data

The historical data trend for GDEV'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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GDEV ROCE % Chart

GDEV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

1,349.94

GDEV Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											231.69	-1,018.72	-	-	405.71

GDEV ROCE % Calculation

GDEV'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 )
	=	50.184	/	( ( (322.044 - 332.402)	+	(320.554 - 302.761) )	/ 2 )
	=	50.184	/	( (-10.358	+	17.793)	/ 2 )
	=	50.184	/	3.7175
	=	1,349.94 %

GDEV'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 )
	=	48.64	/	( ( (307.516 - 301.331)	+	(320.554 - 302.761) )	/ 2 )
	=	48.64	/	( ( 6.185	+	17.793 )	/ 2 )
	=	48.64	/	11.989
	=	405.71 %

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

GDEV (NAS:GDEV) 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.

GDEV ROCE % Related Terms

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GDEV (GDEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GDEV Inc (NAS:GDEV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9T8:Germany

Address

55, Griva Digeni, Limassol, CYP, 3101

Website

https://gdev.inc

GDEV Inc is a gaming and entertainment company, focused on growing and enhancing its portfolio of studios It has a diverse range of subsidiaries, including Nexters, Cubic Games, Dragon Machines, and more, GDEV creates games that inspire and engage millions of players for many years. Its franchises comprise Hero Wars, Island Questaway, Pixel Gun 3D, Throne Rush, and others.