GAN (GAN) ROCE % : -26.48% (As of Mar. 2024)

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What is GAN 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. GAN's annualized ROCE % for the quarter that ended in Mar. 2024 was -26.48%.

GAN ROCE % Historical Data

The historical data trend for GAN'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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GAN ROCE % Chart

GAN Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.07

-22.66

-14.44

-16.57

-49.97

GAN 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															19.33	-105.45	-48.24	-71.17	-26.48

GAN ROCE % Calculation

GAN'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 )
	=	-30.314	/	( ( (103.08 - 32.532)	+	(87.504 - 36.724) )	/ 2 )
	=	-30.314	/	( (70.548	+	50.78)	/ 2 )
	=	-30.314	/	60.664
	=	-49.97 %

GAN'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 )
	=	-13.108	/	( ( (87.504 - 36.724)	+	(81.403 - 33.186) )	/ 2 )
	=	-13.108	/	( ( 50.78	+	48.217 )	/ 2 )
	=	-13.108	/	49.4985
	=	-26.48 %

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

GAN (NAS:GAN) 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.

GAN ROCE % Related Terms

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GAN (GAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GAN Ltd (NAS:GAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4VN:Germany

Address

400 Spectrum Center Drive, Suite 1900, Irvine, CA, USA, 92618

Website

https://www.gan.com

GAN Ltd provides Software-as-a-Service solutions for online casino gaming and sports betting applications. The company has two operating segments B2B and B2C. The B2B segment develops, markets, and sells instances of GameSTACK, GAN Sports, and iSight Back Office technology that incorporates comprehensive player registration, account funding, and back-office accounting and management tools that enable the casino operators to efficiently, confidently, and effectively extend their presence online in places that have permitted online real money gaming, and The B2C segment, which includes the operations of Coolbet, develops and operates a B2C online sports betting and casino platform that is accessible through its website in markets across Northern Europe, Latin America, and Canada.

Executives

Giuseppe Gardali	officer: President, B2B	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Endre Nesset	officer: President, B2C	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Brian P Chang	officer: Interim CFO	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Eric J Green	director	C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Seamus M Mcgill	director	C/O GAN LIMITED,, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Dermot S. Smurfit	director, officer: President, CEO	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Karen Flores	director, officer: EVP, Chief Financial Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Sylvia Tiscareno	officer: Chief Legal Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Glenn Anders Karlsen	officer: CEO, Coolbet	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Simon Knock	officer: EVP, Chief Information Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Arouh	officer: Chief Legal Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Michael Jr. Smurfit	director	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Susan Bracey	director	C/O YOUBET.COM, INC., 2600 WEST OLIVE AVENUE, 5TH FLOOR, BURBANK CA 91505
David Goldberg	director	C/O GAN LIMITED, 400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618
Jan Roos	officer: Chief Technology Officer	400 SPECTRUM CENTER DRIVE, SUITE 1900, IRVINE CA 92618