Playtika Holding (STU:8II) ROCE % : 17.26% (As of Mar. 2024)

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What is Playtika Holding 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. Playtika Holding's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.26%.

Playtika Holding ROCE % Historical Data

The historical data trend for Playtika Holding'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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Playtika Holding ROCE % Chart

Playtika Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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66.65

36.56

33.91

22.10

Playtika Holding Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															28.19	25.32	16.77	19.38	17.26

Playtika Holding ROCE % Calculation

Playtika Holding'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 )
	=	500.315	/	( ( (2546.534 - 435.939)	+	(2911.475 - 494.813) )	/ 2 )
	=	500.315	/	( (2110.595	+	2416.662)	/ 2 )
	=	500.315	/	2263.6285
	=	22.10 %

Playtika Holding's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	419.152	/	( ( (2911.475 - 494.813)	+	(2893.124 - 452.732) )	/ 2 )
	=	419.152	/	( ( 2416.662	+	2440.392 )	/ 2 )
	=	419.152	/	2428.527
	=	17.26 %

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

Playtika Holding (STU:8II) 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.

Playtika Holding ROCE % Related Terms

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Playtika Holding (STU:8II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Playtika Holding Corp (STU:8II) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLTK:USA

Address

C/o Playtika Ltd, HaChoshlim Street 8, Herzliya Pituarch, ISR

Website

https://www.playtika.com

Playtika Holding Corp is primarily engaged in developing mobile games. Some of its games include Board Kings, House of Fun, Poker Heat, Slotomania, and Bingo Blitz. The company has built live game operations services and a proprietary technology platform to support its portfolio of games. It primarily derives revenue from the sale of virtual items associated with online games. Geographically, the group has a business presence in the USA, EMEA, APAC and Other regions of which key revenue is derived from the USA. It offers both Mobile and Web-based platforms.

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