Playgon Games (TSXV:DEAL) ROCE % : 0.00% (As of Dec. 2023)

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What is Playgon Games 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. Playgon Games's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Playgon Games ROCE % Historical Data

The historical data trend for Playgon Games'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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Playgon Games ROCE % Chart

Playgon Games Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-137.67

-120.75

-264.38

Playgon Games 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															-3,541.41	-	-	-	-

Playgon Games ROCE % Calculation

Playgon Games'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 )
	=	-15.214	/	( ( (8.213 - 9.715)	+	(5.508 - 11.301) )	/ 2 )
	=	-15.214	/	( (-1.502	+	-5.793)	/ 2 )
	=	-15.214	/	-3.6475
	=	417.11 %

Playgon Games'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 )
	=	-15.988	/	( ( (5.842 - 9.635)	+	(5.508 - 11.301) )	/ 2 )
	=	-15.988	/	( ( -3.793	+	-5.793 )	/ 2 )
	=	-15.988	/	-4.793
	=	0 %

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

Playgon Games (TSXV:DEAL) 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.

Playgon Games ROCE % Related Terms

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Playgon Games (TSXV:DEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Playgon Games Inc (TSXV:DEAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLGNF:USA 7CR:Germany

Address

675 West Hastings Street, Suite 1500, Vancouver, BC, CAN, V6B 1N2

Website

https://www.playgon.com

Playgon Games Inc is a technology company. It focuses on developing and licensing digital content for the growing iGaming market. The company provides a multi-tenant gateway that allows online operators the ability to offer customers iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games, and Daily Fantasy Sports. The firm's products are turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and database companies.

Executives

Steve Baker

Senior Officer

Playgon Games (TSXV:DEAL) Headlines

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