Fortune Rise Acquisition (Fortune Rise Acquisition) ROCE % : -6.73% (As of Mar. 2024)

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What is Fortune Rise 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. Fortune Rise Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.73%.

Fortune Rise Acquisition ROCE % Historical Data

The historical data trend for Fortune Rise 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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Fortune Rise Acquisition ROCE % Chart

Fortune Rise Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-1.15

-3.38

Fortune Rise Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-1.88	-3.28	-4.93	-9.16	-6.73

Fortune Rise Acquisition ROCE % Calculation

Fortune Rise Acquisition'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 )
	=	-2.198	/	( ( (102.144 - 1.411)	+	(34.971 - 5.764) )	/ 2 )
	=	-2.198	/	( (100.733	+	29.207)	/ 2 )
	=	-2.198	/	64.97
	=	-3.38 %

Fortune Rise Acquisition's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.948	/	( ( (34.971 - 5.764)	+	(35.273 - 6.553) )	/ 2 )
	=	-1.948	/	( ( 29.207	+	28.72 )	/ 2 )
	=	-1.948	/	28.9635
	=	-6.73 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Fortune Rise Acquisition (NAS:FRLAU) 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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