Global Mofy Metaverse (Global Mofy Metaverse) ROCE % : 76.58% (As of Sep. 2023)

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What is Global Mofy Metaverse 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. Global Mofy Metaverse's annualized ROCE % for the quarter that ended in Sep. 2023 was 76.58%.

Global Mofy Metaverse ROCE % Historical Data

The historical data trend for Global Mofy Metaverse'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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Global Mofy Metaverse ROCE % Chart

Global Mofy Metaverse Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-151.59

110.23

-6.13

61.64

Global Mofy Metaverse Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			136.74	30.41	-34.58	15.61	76.58

Global Mofy Metaverse ROCE % Calculation

Global Mofy Metaverse's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	7.776	/	( ( (8.527 - 4.669)	+	(27.119 - 5.746) )	/ 2 )
	=	7.776	/	( (3.858	+	21.373)	/ 2 )
	=	7.776	/	12.6155
	=	61.64 %

Global Mofy Metaverse's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	14.054	/	( ( (21.64 - 6.309)	+	(27.119 - 5.746) )	/ 2 )
	=	14.054	/	( ( 15.331	+	21.373 )	/ 2 )
	=	14.054	/	18.352
	=	76.58 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Global Mofy Metaverse (NAS:GMM) 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.

Global Mofy Metaverse ROCE % Related Terms

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Global Mofy Metaverse (Global Mofy Metaverse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy Metaverse Ltd (NAS:GMM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.

Global Mofy Metaverse (Global Mofy Metaverse) Headlines

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