Gambling.com Group (Gambling.com Group) ROCE % : 22.41% (As of Dec. 2023)

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What is Gambling.com Group 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. Gambling.com Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.41%.

Gambling.com Group ROCE % Historical Data

The historical data trend for Gambling.com Group'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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Gambling.com Group ROCE % Chart

Gambling.com Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.41

33.50

20.88

4.11

18.35

Gambling.com Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-17.58	30.19	3.69	20.46	22.41

Gambling.com Group ROCE % Calculation

Gambling.com Group'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 )
	=	21.041	/	( ( (138.875 - 31.708)	+	(154.869 - 32.747) )	/ 2 )
	=	21.041	/	( (107.167	+	122.122)	/ 2 )
	=	21.041	/	114.6445
	=	18.35 %

Gambling.com Group'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 )
	=	26.252	/	( ( (141.482 - 29.281)	+	(154.869 - 32.747) )	/ 2 )
	=	26.252	/	( ( 112.201	+	122.122 )	/ 2 )
	=	26.252	/	117.1615
	=	22.41 %

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

Gambling.com Group (NAS:GAMB) 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.

Gambling.com Group ROCE % Related Terms

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Gambling.com Group (Gambling.com Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gambling.com Group Ltd (NAS:GAMB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6WH:Germany

Address

22 Grenville Street, Saint Helier, JEY, JE4 8PX

Website

https://www.gambling.com

Gambling.com Group Ltd is a multi-award-winning performance marketing company and a provider of digital marketing services in the online gambling industry. Its principal focus is on iGaming and sports betting. It generates revenue by referring online gamblers to online gambling operators.