Mobile Global Esports (Mobile Global Esports) ROCE % : -290.72% (As of Dec. 2023)

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What is Mobile Global Esports 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. Mobile Global Esports's annualized ROCE % for the quarter that ended in Dec. 2023 was -290.72%.

Mobile Global Esports ROCE % Historical Data

The historical data trend for Mobile Global Esports'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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Mobile Global Esports ROCE % Chart

Mobile Global Esports Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-27.60

-111.12

Mobile Global Esports Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-31.49	-37.49	-44.86	-111.41	-290.72

Mobile Global Esports ROCE % Calculation

Mobile Global Esports'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 )
	=	-6.777	/	( ( (9.257 - 0.208)	+	(3.421 - 0.272) )	/ 2 )
	=	-6.777	/	( (9.049	+	3.149)	/ 2 )
	=	-6.777	/	6.099
	=	-111.12 %

Mobile Global Esports'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 )
	=	-12.908	/	( ( (6.285 - 0.554)	+	(3.421 - 0.272) )	/ 2 )
	=	-12.908	/	( ( 5.731	+	3.149 )	/ 2 )
	=	-12.908	/	4.44
	=	-290.72 %

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

Mobile Global Esports (OTCPK:MGAM) 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.

Mobile Global Esports ROCE % Related Terms

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Mobile Global Esports (Mobile Global Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Mobile Global Esports Inc (OTCPK:MGAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Post Road East, Westport, CT, USA, 06880

Website

https://www.mogoesports.com

Mobile Global Esports Inc develops and commercializes international esports, beginning with university esports events in India. It is launching an esports (electronic sports) platform initially focused on esports competitions played on mobile devices by university teams and players representing universities located in India and elsewhere in South Asia.

Executives

David Randall Pross	officer: CEO	73 BLUE SPRUCE CIRCLE, WESTON CT 06883
James Knopf	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Marco Welch	director, officer: Chairman of the board	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Jay P. Madan	director	8480 HONEYCUTT RD, SUITE 200, RALEIGH NC 27615
Sports Industry Of India, Inc.	10 percent owner	616 S. EL CAMINO REAL, STE. H, SAN CLEMENTE CA 92672
Alexander Alexandrov	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 02883
Kiki V Benson	officer: CFO	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06880
Willy Verhaegen	director	500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883