Starboard Value Acquisition (Starboard Value Acquisition) ROCE % : -0.52% (As of Jun. 2021)

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What is Starboard Value 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. Starboard Value Acquisition's annualized ROCE % for the quarter that ended in Jun. 2021 was -0.52%.

Starboard Value Acquisition ROCE % Historical Data

The historical data trend for Starboard Value 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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Starboard Value Acquisition ROCE % Chart

Starboard Value Acquisition Annual Data

Trend

Dec19

Dec20

ROCE %

-0.18

Starboard Value Acquisition Semi-Annual Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial			-4.76	-0.10	-0.04	-0.27	-0.52

Starboard Value Acquisition ROCE % Calculation

Starboard Value Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-0.374	/	( ( (0.385 - 0.362)	+	(407.184 - 0.283) )	/ 2 )
	=	-0.374	/	( (0.023	+	406.901)	/ 2 )
	=	-0.374	/	203.462
	=	-0.18 %

Starboard Value Acquisition's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-2.089	/	( ( (406.593 - 0.722)	+	(406.082 - 2.29) )	/ 2 )
	=	-2.089	/	( ( 405.871	+	403.792 )	/ 2 )
	=	-2.089	/	404.8315
	=	-0.52 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2021) EBIT data.

Starboard Value Acquisition (NAS:SVACW) 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.

Starboard Value Acquisition ROCE % Related Terms

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