Madmind Studio (WAR:MMS) ROCE % : 1.47% (As of Mar. 2024)

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What is Madmind Studio 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. Madmind Studio's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.47%.

Madmind Studio ROCE % Historical Data

The historical data trend for Madmind Studio'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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Madmind Studio ROCE % Chart

Madmind Studio Annual Data

Trend

Dec21

Dec22

ROCE %

-8.73

32.64

Madmind Studio Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial									-13.22	2.30	0.97	-17.08	1.47

Madmind Studio ROCE % Calculation

Madmind Studio'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 )
	=	2.308	/	( ( (6.284 - 0.314)	+	(8.644 - 0.47) )	/ 2 )
	=	2.308	/	( (5.97	+	8.174)	/ 2 )
	=	2.308	/	7.072
	=	32.64 %

Madmind Studio'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	0.108	/	( ( (8.819 - 0.954)	+	(7.999 - 1.179) )	/ 2 )
	=	0.108	/	( ( 7.865	+	6.82 )	/ 2 )
	=	0.108	/	7.3425
	=	1.47 %

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

Madmind Studio (WAR:MMS) 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.

Madmind Studio ROCE % Related Terms

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Madmind Studio (WAR:MMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Madmind Studio SA (WAR:MMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Grunwaldzka 229, Bydgoszcz, POL, 85-451

Website

http://www.madmind-studio.com

Madmind Studio SA is a video game development company. The studio comprises veteran game developers, who have worked on AAA titles such as The Division, Witcher 3, Sniper: Ghost Warrior 2, Alien Rage, Enemy Front, Real Boxing 2, Godfire: Rise of the Prometheus, and more.