Arts Alliance GK (WAR:AAS) ROCE % : -26.32% (As of Mar. 2024)

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What is Arts Alliance GK 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. Arts Alliance GK's annualized ROCE % for the quarter that ended in Mar. 2024 was -26.32%.

Arts Alliance GK ROCE % Historical Data

The historical data trend for Arts Alliance GK'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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Arts Alliance GK ROCE % Chart

Arts Alliance GK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-84.74

49.86

4.55

-32.44

-42.95

Arts Alliance GK Quarterly Data
	Jun19	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															-1.15	-19.17	-19.48	-125.92	-26.32

Arts Alliance GK ROCE % Calculation

Arts Alliance GK'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 )
	=	-1.224	/	( ( (5.287 - 1.812)	+	(4.099 - 1.875) )	/ 2 )
	=	-1.224	/	( (3.475	+	2.224)	/ 2 )
	=	-1.224	/	2.8495
	=	-42.95 %

Arts Alliance GK'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 )
	=	-0.616	/	( ( (4.099 - 1.875)	+	(3.967 - 1.51) )	/ 2 )
	=	-0.616	/	( ( 2.224	+	2.457 )	/ 2 )
	=	-0.616	/	2.3405
	=	-26.32 %

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

Arts Alliance GK (WAR:AAS) 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.

Arts Alliance GK ROCE % Related Terms

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Arts Alliance GK (WAR:AAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Arts Alliance GK SA (WAR:AAS) » Definitions » ROCE %

Comparable Companies

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Address

Izbicka Street 28a, Warsaw, POL, 04-838

Website

http://www.artsalliance.pl

Arts Alliance GK SA is a Poland based company that is engaged in producing games as well as developing technology B2B projects. Along with its subsidiaries, it is engaged in developing B2B platform in Business Travel area to support its clients in booking hotels by algorithms solutions. In the game producing segment, it invests in potential small games developers as well as produce the most valuable games for all types of platforms like iOS, Android, Windows Mobile or Steam platforms.

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