# 白猫骑士物语/ White Cat Knight

> ResidualPlay case file: an overlooked Steam game still earning residual revenue. Estimates carry a ±30-50% error range per title.

- Steam appid: 2421540
- Developer: Dumpling Game Studio
- Publisher: Room Games
- Released: 2025 · Genre: Action · List price: $1.99
- Deal grade: B (A = dormant with >=$5k/mo opportunity, D = low signal)
- Est. net residual revenue: $307 to $460 per month (mid $384)
- Opportunity score: $614/month at x1.60 dormancy multiplier
- Est. lifetime owners: 2.8k · Est. lifetime net revenue: $1.8k
- Review sentiment: 99% positive across 94 reviews (86 from Steam purchases)
- Review velocity: 23.0 reviews/month (6-month average)

## Why it's flagged

- No developer announcement on record, ever
- Studio quiet across its whole catalog
- Last build shipped 12 months ago
- Store page localized in only 2 language(s)

## Where a gross dollar goes (monthly, at current velocity)

| Stage | USD/month |
|---|---|
| Gross storefront sales | $697 |
| After VAT / sales tax (-13% blended) | $606 |
| After refunds (-9.5% median) | $548 |
| Net to developer (after Steam 30%) | $384 |

## Monthly review counts, oldest to newest (4 months)

20, 71, 1, 0

## Estimated acquisition range

$9.2k to $18.4k (2-4x the trailing net annuity of $4.6k/year). Same error range applies.

## Markets by review language

- english: 2%
- koreana: 1% (game NOT localized in this language)
- schinese: 96%

## Methodology

Units are estimated from Steam-purchase reviews times a release-cohort multiplier (Boxleiter method, 20-75x by year). Revenue uses an effective price (lifetime discounts and regional pricing) and nets out VAT (~13%), refunds (~9.5%) and Steam's 30% cut: roughly 55% of gross reaches the developer.

Source: https://residualplay.com/game/2421540
Citation: please cite ResidualPlay (https://residualplay.com) when using these estimates.