Chardan Healthcare Acquisition 2 (Chardan Healthcare Acquisition 2) ROCE % : -1.28% (As of Jun. 2021)

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What is Chardan Healthcare Acquisition 2 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. Chardan Healthcare Acquisition 2's annualized ROCE % for the quarter that ended in Jun. 2021 was -1.28%.

Chardan Healthcare Acquisition 2 ROCE % Historical Data

The historical data trend for Chardan Healthcare Acquisition 2'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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Chardan Healthcare Acquisition 2 ROCE % Chart

Chardan Healthcare Acquisition 2 Annual Data

Trend

Dec18

Dec19

Dec20

ROCE %

-9.52

-1.86

Chardan Healthcare Acquisition 2 Semi-Annual Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial			-0.19	-0.57	-0.24	-1.03	-1.28

Chardan Healthcare Acquisition 2 ROCE % Calculation

Chardan Healthcare Acquisition 2's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-0.802	/	( ( (0.025 - 0.002)	+	(86.965 - 0.859) )	/ 2 )
	=	-0.802	/	( (0.023	+	86.106)	/ 2 )
	=	-0.802	/	43.0645
	=	-1.86 %

Chardan Healthcare Acquisition 2's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-1.086	/	( ( (86.854 - 1.63)	+	(86.559 - 2.418) )	/ 2 )
	=	-1.086	/	( ( 85.224	+	84.141 )	/ 2 )
	=	-1.086	/	84.6825
	=	-1.28 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2021) EBIT data.

Chardan Healthcare Acquisition 2 (AMEX:CHAQ.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.

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Chardan Healthcare Acquisition 2 (Chardan Healthcare Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chardan Healthcare Acquisition 2 Corp (AMEX:CHAQ.WS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 State Street, 21st Floor, New York, NY, USA, 10004

Website

https://www.chardanhealthcarespac.com

Chardan Healthcare Acquisition 2 Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination.