Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) ROCE % : -0.38% (As of Jun. 2022)

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What is Atlantic Avenue Acquisition 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. Atlantic Avenue Acquisition's annualized ROCE % for the quarter that ended in Jun. 2022 was -0.38%.

Atlantic Avenue Acquisition ROCE % Historical Data

The historical data trend for Atlantic Avenue Acquisition'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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Atlantic Avenue Acquisition ROCE % Chart

Atlantic Avenue Acquisition Annual Data

Trend

Dec20

Dec21

ROCE %

-0.83

Atlantic Avenue Acquisition Quarterly Data
	Jul20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %	Get a 7-Day Free Trial			-0.49	-1.34	-1.35	-0.49	-0.38

Atlantic Avenue Acquisition ROCE % Calculation

Atlantic Avenue Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-2.086	/	( ( (251.779 - 0.176)	+	(251.21 - 2.316) )	/ 2 )
	=	-2.086	/	( (251.603	+	248.894)	/ 2 )
	=	-2.086	/	250.2485
	=	-0.83 %

Atlantic Avenue Acquisition's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	-0.94	/	( ( (251.044 - 2.439)	+	(251.044 - 2.356) )	/ 2 )
	=	-0.94	/	( ( 248.605	+	248.688 )	/ 2 )
	=	-0.94	/	248.6465
	=	-0.38 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

Atlantic Avenue Acquisition (NYSE:ASAQ.WS) 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.

Atlantic Avenue Acquisition ROCE % Related Terms

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Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Avenue Acquisition Corp (NYSE:ASAQ.WS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Atlantic Street, Stamford, CT, USA, 06902

Website

https://www.asaqspac.com

Atlantic Avenue Acquisition Corp is a newly organized blank check company.

Atlantic Avenue Acquisition (Atlantic Avenue Acquisition) Headlines

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