Trophy Games Development A/S (OCSE:TGAMES) ROCE % : 9.36% (As of Dec. 2023)

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What is Trophy Games Development A/S 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. Trophy Games Development A/S's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.36%.

Trophy Games Development A/S ROCE % Historical Data

The historical data trend for Trophy Games Development A/S'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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Trophy Games Development A/S ROCE % Chart

Trophy Games Development A/S Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

41.98

43.00

-4.71

-26.33

6.45

Trophy Games Development A/S Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				8.59	-7.19	-45.89	3.45	9.36

Trophy Games Development A/S ROCE % Calculation

Trophy Games Development A/S'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 )
	=	3.627	/	( ( (59.823 - 4.561)	+	(62.07 - 4.858) )	/ 2 )
	=	3.627	/	( (55.262	+	57.212)	/ 2 )
	=	3.627	/	56.237
	=	6.45 %

Trophy Games Development A/S'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 )
	=	5.326	/	( ( (63.989 - 7.356)	+	(62.07 - 4.858) )	/ 2 )
	=	5.326	/	( ( 56.633	+	57.212 )	/ 2 )
	=	5.326	/	56.9225
	=	9.36 %

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

Trophy Games Development A/S (OCSE:TGAMES) 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.

Trophy Games Development A/S ROCE % Related Terms

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Trophy Games Development A/S (OCSE:TGAMES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Trophy Games Development A/S (OCSE:TGAMES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mikkel Bryggers Gade 4, 2nd Floor, Copenhagen, DNK, 1460

Website

https://www.trophy-games.com

Trophy Games Development A/S is a Denmark-based game that develops and publishes mobile and pc games. Its game studio provides endless entertainment and challenging gameplay for all players. The company offers games for mobile, Steam and browser.

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