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Keen Vision Acquisition (Keen Vision Acquisition) ROCE % : -0.68% (As of Mar. 2024)


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What is Keen Vision 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. Keen Vision Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.68%.

Keen Vision Acquisition ROCE % Historical Data

The historical data trend for Keen Vision 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.

* Premium members only.

Keen Vision Acquisition ROCE % Chart

Keen Vision Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
- -4.65 -0.62

Keen Vision Acquisition Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -84.21 -24.24 -0.80 -0.43 -0.68

Keen Vision Acquisition ROCE % Calculation

Keen Vision 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 )
=-0.479/( ( (0.195 - 0.174) + (155.689 - 0.014) )/ 2 )
=-0.479/( (0.021+155.675)/ 2 )
=-0.479/77.848
=-0.62 %

Keen Vision 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 )
=-1.064/( ( (155.689 - 0.014) + (157.463 - 0.043) )/ 2 )
=-1.064/( ( 155.675 + 157.42 )/ 2 )
=-1.064/156.5475
=-0.68 %

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

* 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.

Keen Vision Acquisition  (NAS:KVAC) 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.

Keen Vision Acquisition ROCE % Related Terms

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Keen Vision Acquisition (Keen Vision Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Keen Vision Acquisition Corp (NAS:KVAC) » Definitions » ROCE %
Comparable Companies
NFYS MCAA PPYA RCFA XPDB CFFS PHYT ISRL BRKH PEGR PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
37 Greenbriar Drive, Summit, NJ, USA
Website
Keen Vision Acquisition Corp is a blank check company.
Executives
Kvc Sponsor Llc 10 percent owner 37 GREENBRIAR DRIVE, SUMMIT NJ 07901
Albert Cheung-hoi Yu director 37 GREENBRIAR DRIVE, SUMMIT NJ 07901
Ronald Adolphus Li director 37 GREENBRIAR DRIVE, SUMMIT NJ 07901
Alex Davidkhanian director, officer: Director and CFO 37 GREENBRIAR DRIVE, SUMMIT NJ 07901
Yibing Ding director 37 GREENBRIAR DRIVE, SUMMIT NJ 07901
Wong Ka Chun Kenneth director, officer: Chairman and CEO 37 GREENBRIAR DRIVE, SUMMIT NJ 07901