Tiga Gaming (ROCO:6536) ROCE % : 21.70% (As of Dec. 2023)

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What is Tiga Gaming 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. Tiga Gaming's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.70%.

Tiga Gaming ROCE % Historical Data

The historical data trend for Tiga Gaming'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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Tiga Gaming ROCE % Chart

Tiga Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.69

-38.04

-31.74

44.09

26.05

Tiga Gaming Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-10.29	46.79	40.72	30.76	21.70

Tiga Gaming ROCE % Calculation

Tiga Gaming'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 )
	=	23.091	/	( ( (109.618 - 34.088)	+	(136.578 - 34.847) )	/ 2 )
	=	23.091	/	( (75.53	+	101.731)	/ 2 )
	=	23.091	/	88.6305
	=	26.05 %

Tiga Gaming'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	20.77	/	( ( (116.121 - 26.43)	+	(136.578 - 34.847) )	/ 2 )
	=	20.77	/	( ( 89.691	+	101.731 )	/ 2 )
	=	20.77	/	95.711
	=	21.70 %

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

Tiga Gaming (ROCO:6536) 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.

Tiga Gaming ROCE % Related Terms

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Tiga Gaming (ROCO:6536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tiga Gaming Inc (ROCO:6536) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sector 1 Hsin Tai Wu Road, 11th Floor, No.75, Xizhi District, New Taipei, TWN, 221

Website

http://www.tigagaming.com

Tiga Gaming Inc is a Taiwan based company involved in the gaming industry. The different games offered by the company includes Open Sesame, Diamond Wild, Crazy Circus, Queen of Egypt, Cactus Cowboy and Golden Theme Park.

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