OceanTech Acquisitions I (OceanTech Acquisitions I) ROCE % : -22.17% (As of Dec. 2023)

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What is OceanTech Acquisitions 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. OceanTech Acquisitions I's annualized ROCE % for the quarter that ended in Dec. 2023 was -22.17%.

OceanTech Acquisitions I ROCE % Historical Data

The historical data trend for OceanTech Acquisitions 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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OceanTech Acquisitions I ROCE % Chart

OceanTech Acquisitions I Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

3.23

-19.87

OceanTech Acquisitions I Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							4.89	-10.86	-17.78	-29.21	-22.17

OceanTech Acquisitions I ROCE % Calculation

OceanTech Acquisitions I'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 )
	=	-2.098	/	( ( (19.465 - 2.245)	+	(9.389 - 5.489) )	/ 2 )
	=	-2.098	/	( (17.22	+	3.9)	/ 2 )
	=	-2.098	/	10.56
	=	-19.87 %

OceanTech Acquisitions I's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.908	/	( ( (9.32 - 5.027)	+	(9.389 - 5.489) )	/ 2 )
	=	-0.908	/	( ( 4.293	+	3.9 )	/ 2 )
	=	-0.908	/	4.0965
	=	-22.17 %

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

OceanTech Acquisitions I (NAS:OTECW) 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.

OceanTech Acquisitions I ROCE % Related Terms

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OceanTech Acquisitions I (OceanTech Acquisitions I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OceanTech Acquisitions I Corp (NAS:OTECW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OTEC:USA

Address

515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022

Website

OceanTech Acquisitions I Corp is a blank check company. It is 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.