GameOn Entertainment Technologies (XCNQ:GET) ROCE % : -155.58% (As of Sep. 2023)

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What is GameOn Entertainment Technologies 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. GameOn Entertainment Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -155.58%.

GameOn Entertainment Technologies ROCE % Historical Data

The historical data trend for GameOn Entertainment Technologies'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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GameOn Entertainment Technologies ROCE % Chart

GameOn Entertainment Technologies Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-16.46

-177.30

-84.95

GameOn Entertainment Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial										-59.37	-119.91	-36.58	-82.92	-155.58

GameOn Entertainment Technologies ROCE % Calculation

GameOn Entertainment Technologies'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 )
	=	-4.118	/	( ( (6.169 - 0.385)	+	(5.558 - 1.647) )	/ 2 )
	=	-4.118	/	( (5.784	+	3.911)	/ 2 )
	=	-4.118	/	4.8475
	=	-84.95 %

GameOn Entertainment Technologies'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 )
	=	-4.736	/	( ( (5.847 - 2.256)	+	(5 - 2.503) )	/ 2 )
	=	-4.736	/	( ( 3.591	+	2.497 )	/ 2 )
	=	-4.736	/	3.044
	=	-155.58 %

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

GameOn Entertainment Technologies (XCNQ:GET) 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.

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GameOn Entertainment Technologies (XCNQ:GET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GameOn Entertainment Technologies Inc (XCNQ:GET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GMETF:USA 9E7:Germany 9E7:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.gameon.app

GameOn Entertainment Technologies Inc is a video game ventures firm focusing on project investments in high-value e-gaming projects featuring recognized intellectual properties. It has generated revenues from gaming projects such as Pacific Rim: Breach Wars, Men In Black, and Hello Kitty.