Four Arrows Capital (TSXV:AROW.P) ROCE % : -10.29% (As of Dec. 2023)

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What is Four Arrows Capital 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. Four Arrows Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.29%.

Four Arrows Capital ROCE % Historical Data

The historical data trend for Four Arrows Capital'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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Four Arrows Capital ROCE % Chart

Four Arrows Capital Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-0.73

-31.19

-3.80

-7.53

Four Arrows Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-3.64	-6.43	-13.32	-6.43	-10.29

Four Arrows Capital ROCE % Calculation

Four Arrows Capital's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.066	/	( ( (0.9 - 0.016)	+	(0.88 - 0.012) )	/ 2 )
	=	-0.066	/	( (0.884	+	0.868)	/ 2 )
	=	-0.066	/	0.876
	=	-7.53 %

Four Arrows Capital'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 )
	=	-0.088	/	( ( (0.88 - 0.012)	+	(0.867 - 0.024) )	/ 2 )
	=	-0.088	/	( ( 0.868	+	0.843 )	/ 2 )
	=	-0.088	/	0.8555
	=	-10.29 %

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

Four Arrows Capital (TSXV:AROW.P) 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.

Four Arrows Capital ROCE % Related Terms

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Four Arrows Capital (TSXV:AROW.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Four Arrows Capital Corp (TSXV:AROW.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1125 Howe Street, Suite 1400, Vancouver, BC, CAN, V6Z 2K8

Website

Four Arrows Capital Corp is a capital pool company.

Four Arrows Capital (TSXV:AROW.P) Headlines

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