OPY Acquisition I (OPY Acquisition I) ROCE % : -6.45% (As of Sep. 2023)

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What is OPY Acquisition I 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. OPY Acquisition I's annualized ROCE % for the quarter that ended in Sep. 2023 was -6.45%.

OPY Acquisition I ROCE % Historical Data

The historical data trend for OPY Acquisition I'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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OPY Acquisition I ROCE % Chart

OPY Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.56

-1.87

OPY Acquisition I Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-0.83	-2.73	-7.57	-8.28	-6.45

OPY Acquisition I ROCE % Calculation

OPY Acquisition I'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 )
	=	-1.444	/	( ( (129.138 - 0.099)	+	(26.667 - 1.144) )	/ 2 )
	=	-1.444	/	( (129.039	+	25.523)	/ 2 )
	=	-1.444	/	77.281
	=	-1.87 %

OPY Acquisition I'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 )
	=	-1.604	/	( ( (26.194 - 1.249)	+	(26.109 - 1.286) )	/ 2 )
	=	-1.604	/	( ( 24.945	+	24.823 )	/ 2 )
	=	-1.604	/	24.884
	=	-6.45 %

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

OPY Acquisition I (NAS:OHAAU) 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.

OPY Acquisition I ROCE % Related Terms

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OPY Acquisition I (OPY Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OPY Acquisition Corp I (NAS:OHAAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Broad Street, New York, NY, USA, 10004

Website

https://www.opyacquisitioncorp.com

OPY Acquisition Corp I is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

OPY Acquisition I (OPY Acquisition I) Headlines

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