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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. Esports Entertainment Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -2,179.35%.
The historical data trend for Esports Entertainment 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.
Esports Entertainment Group Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -451.14 | -126.71 | -49.57 | -174.97 | -274.81 |
Esports Entertainment Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | - | - | -59.57 | -174.66 | -2,179.35 |
Esports Entertainment Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | -29.799 | / | ( ( (64.864 - 56.423) | + | (22.101 - 8.855) ) | / 2 ) | |
= | -29.799 | / | ( (8.441 | + | 13.246) | / 2 ) | |
= | -29.799 | / | 10.8435 | ||||
= | -274.81 % |
Esports Entertainment 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 ) | |||||
= | -68.192 | / | ( ( (18.89 - 10.16) | + | (7.604 - 10.076) ) | / 2 ) | |
= | -68.192 | / | ( ( 8.73 | + | -2.472 ) | / 2 ) | |
= | -68.192 | / | 3.129 | ||||
= | -2,179.35 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Esports Entertainment Group (OTCPK:GMBL) 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.
Thank you for viewing the detailed overview of Esports Entertainment Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Soper | director | 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808 |
Michael J Villani | officer: Interim CFO and Controller | 84 FESTIVAL CT., WHITE PLAINS NY 10603 |
Alex Igelman | officer: Chief Executive Officer | 800 STEELES AVE W, SUITE B10245, THORNHILL A6 L4J 7L2 |
Jennifer Shera Pace | officer: Chief People Officer | FLAT 6, BLOCK D, IL-PJAZZA,, BIRBAL STREET, BALZAN O1 BZN9015 |
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Damian Mathews | director | 170 PETER HOUSE, PSAILA STREET, BIRKIRKARA O1 BRK 9077 |
James S Cardwell | officer: Interim CFO | CLINTON SQUARE, 75 S. CLINTON AVE., SUITE 510, ROCHESTER NY 14604 |
John Clyde Brackens | officer: Chief Information Officer | 66 EASTVILLE AVE, EASTVILLE SUBDIVISION, FILINVEST EAST HOMES, CAINTA, RIZAL R6 1900 |
Shawn Erickson | 10 percent owner | 280 NELSON STREET, SUITE 448, VANCOUVER A1 V6E 2E2 |
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