Thunder Bridge Capital Partners III (Thunder Bridge Capital Partners III) ROCE % : -14.28% (As of Sep. 2023)

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What is Thunder Bridge Capital Partners III 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. Thunder Bridge Capital Partners III's annualized ROCE % for the quarter that ended in Sep. 2023 was -14.28%.

Thunder Bridge Capital Partners III ROCE % Historical Data

The historical data trend for Thunder Bridge Capital Partners III'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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Thunder Bridge Capital Partners III ROCE % Chart

Thunder Bridge Capital Partners III Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.69

-0.73

Thunder Bridge Capital Partners III Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial								-0.21	-1.30	-9.73	-8.48	-14.28

Thunder Bridge Capital Partners III ROCE % Calculation

Thunder Bridge Capital Partners III'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 )
	=	-1.518	/	( ( (414.631 - 7.259)	+	(12.474 - 2.767) )	/ 2 )
	=	-1.518	/	( (407.372	+	9.707)	/ 2 )
	=	-1.518	/	208.5395
	=	-0.73 %

Thunder Bridge Capital Partners III'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 )
	=	-0.944	/	( ( (11.277 - 2.29)	+	(6.393 - 2.163) )	/ 2 )
	=	-0.944	/	( ( 8.987	+	4.23 )	/ 2 )
	=	-0.944	/	6.6085
	=	-14.28 %

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

Thunder Bridge Capital Partners III (NAS:TBCPU) 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.

Thunder Bridge Capital Partners III ROCE % Related Terms

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Thunder Bridge Capital Partners III (Thunder Bridge Capital Partners III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Thunder Bridge Capital Partners III Inc (NAS:TBCPU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9912 Georgetown Pike, Suite D203, Great Falls, VA, USA, 22066

Website

Thunder Bridge Capital Partners III Inc is a blank check company.

Executives

David E Mangum	director
Gary A Simanson	director, 10 percent owner, officer: President and CEO	717 KING STREET, ALEXANDRIA VA 22314
William A Houlihan	officer: Chief Financial Officer	10900 WAYZATA BOULEVARD, MINNETONKA MN 55305
Robert Herman Hartheimer	director	3232 RITTENHOUSE STREET NW, WASHINGTON DC 20015
Allerd D. Stikker	director	9912 GEORGETOWN PIKE, SUITE D203, GREAT FALLS VA 22066
Mary Anne Gillespie	director	9912 GEORGETOWN PIKE, SUITE D203, GREAT FALLS VA 22066
Tbcp Iii, Llc	10 percent owner	9912 GEORGETOWN PIKE SUITE D203, GREAT FALLS VA 22066

Thunder Bridge Capital Partners III (Thunder Bridge Capital Partners III) Headlines

From GuruFocus

Thunder Bridge Capital Partners III Inc. Announces Closing of $414,000,000 Initial Public Offering

By GlobeNewswire GlobeNewswire • 02-10-2021

Thunder Bridge Capital Partners III Inc. Announces Closing of $414,000,000 Initial Public Offering

By Marketwired Marketwired • 02-11-2021