MGI - Media and Games Invest SE (XTER:M8G) ROCE % : -48.57% (As of Dec. 2023)

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What is MGI - Media and Games Invest SE 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. MGI - Media and Games Invest SE's annualized ROCE % for the quarter that ended in Dec. 2023 was -48.57%.

MGI - Media and Games Invest SE ROCE % Historical Data

The historical data trend for MGI - Media and Games Invest SE'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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MGI - Media and Games Invest SE ROCE % Chart

MGI - Media and Games Invest SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.24

1.10

1.77

-3.36

-2.13

MGI - Media and Games Invest SE 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															-28.32	5.39	6.29	27.11	-48.57

MGI - Media and Games Invest SE ROCE % Calculation

MGI - Media and Games Invest SE'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 )
	=	-16.922	/	( ( (1044.659 - 219.471)	+	(1007.028 - 240.768) )	/ 2 )
	=	-16.922	/	( (825.188	+	766.26)	/ 2 )
	=	-16.922	/	795.724
	=	-2.13 %

MGI - Media and Games Invest SE'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 )
	=	-384.808	/	( ( (1005.529 - 187.087)	+	(1007.028 - 240.768) )	/ 2 )
	=	-384.808	/	( ( 818.442	+	766.26 )	/ 2 )
	=	-384.808	/	792.351
	=	-48.57 %

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

MGI - Media and Games Invest SE (XTER:M8G) 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.

MGI - Media and Games Invest SE ROCE % Related Terms

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MGI - Media and Games Invest SE (XTER:M8G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MGI - Media and Games Invest SE (XTER:M8G) » Definitions » ROCE %

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M8G:Sweden

Address

Stureplan 6, Stockholm, SWE, 114 35

Website

https://www.mgi-se.com

MGI - Media and Games Invest SE is an advertising software platform with first-party games content with a main operational presence in Europe and North America. It helps advertisers acquire customers through smartphones, computers, connected TV, or digital-out-of-home media (DOOH) as well as publishers to efficiently and optimally monetize their advertising space. The company's software platform uses first-party data from its own games to match global advertiser demand with publisher advertisement supply and also offers a one-stop shop for programmatic advertising, enabling companies to buy and sell ad space on all digital devices.

Executives

Remco Westermann	Chief Executive Officer (CEO)/Managing Director
Paul Echt	Chief Financial Officer (CFO)
Tobias M. Weitzel	Director of the issuer

MGI - Media and Games Invest SE (XTER:M8G) Headlines

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