Iron Horse Acquisitions (Iron Horse Acquisitions) ROCE % : -2.78% (As of Mar. 2024)

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What is Iron Horse Acquisitions 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. Iron Horse Acquisitions's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.78%.

Iron Horse Acquisitions ROCE % Historical Data

The historical data trend for Iron Horse Acquisitions'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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Iron Horse Acquisitions ROCE % Chart

Iron Horse Acquisitions Annual Data

Trend

Dec17

Dec21

Dec22

Dec23

ROCE %

-0.90

Iron Horse Acquisitions Quarterly Data
	Dec17	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	-	-0.08	-2.78

Iron Horse Acquisitions ROCE % Calculation

Iron Horse Acquisitions'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 )
	=	-0.309	/	( ( (0.672 - 0.847)	+	(69.69 - 0.862) )	/ 2 )
	=	-0.309	/	( (-0.175	+	68.828)	/ 2 )
	=	-0.309	/	34.3265
	=	-0.90 %

Iron Horse Acquisitions'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 )
	=	-1.92	/	( ( (69.69 - 0.862)	+	(70.399 - 1.097) )	/ 2 )
	=	-1.92	/	( ( 68.828	+	69.302 )	/ 2 )
	=	-1.92	/	69.065
	=	-2.78 %

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

Iron Horse Acquisitions (NAS:IROH) 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.

Iron Horse Acquisitions ROCE % Related Terms

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Iron Horse Acquisitions (Iron Horse Acquisitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Iron Horse Acquisitions Corp (NAS:IROH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

875 Third Avenue, New York, NY, USA, 10022

Website

Iron Horse Acquisition Corp is a blank check company.

Iron Horse Acquisitions (Iron Horse Acquisitions) Headlines

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