Black Mountain Acquisition (Black Mountain Acquisition) ROCE % : -2.25% (As of Sep. 2023)

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What is Black Mountain 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. Black Mountain Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.25%.

Black Mountain Acquisition ROCE % Historical Data

The historical data trend for Black Mountain 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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Black Mountain Acquisition ROCE % Chart

Black Mountain Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-0.40

Black Mountain Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-0.38	-0.38	-0.70	-1.32	-2.25

Black Mountain Acquisition ROCE % Calculation

Black Mountain Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.135	/	( ( (282.825 - 0.56)	+	(285.272 - 0.807) )	/ 2 )
	=	-1.135	/	( (282.265	+	284.465)	/ 2 )
	=	-1.135	/	283.365
	=	-0.40 %

Black Mountain Acquisition's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.08	/	( ( (52.461 - 4.359)	+	(52.853 - 5.01) )	/ 2 )
	=	-1.08	/	( ( 48.102	+	47.843 )	/ 2 )
	=	-1.08	/	47.9725
	=	-2.25 %

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

Black Mountain Acquisition (NYSE:BMAC.U) 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.

Black Mountain Acquisition ROCE % Related Terms

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Black Mountain Acquisition (Black Mountain Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Black Mountain Acquisition Corp (NYSE:BMAC.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Houston Street, Suite 4500, Fort Worth, TX, USA, 76102

Website

https://www.blackmountainaq.com

Black Mountain Acquisition Corp is a blank check company.

Black Mountain Acquisition (Black Mountain Acquisition) Headlines

From GuruFocus

Black Mountain Acquisition Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing November 12, 2021

By PRNewswire PRNewswire • 11-10-2021