Harmony Acquisitions (TSXV:MONY.P) ROCE % : -46.33% (As of Mar. 2024)

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What is Harmony Acquisitions 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. Harmony Acquisitions's annualized ROCE % for the quarter that ended in Mar. 2024 was -46.33%.

Harmony Acquisitions ROCE % Historical Data

The historical data trend for Harmony Acquisitions'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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Harmony Acquisitions ROCE % Chart

Harmony Acquisitions Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-73.89

-33.96

Harmony Acquisitions Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-33.68	-64.48	-16.00	-25.35	-46.33

Harmony Acquisitions ROCE % Calculation

Harmony Acquisitions's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.063	/	( ( (0.244 - 0.026)	+	(0.177 - 0.024) )	/ 2 )
	=	-0.063	/	( (0.218	+	0.153)	/ 2 )
	=	-0.063	/	0.1855
	=	-33.96 %

Harmony Acquisitions's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.06	/	( ( (0.163 - 0.026)	+	(0.126 - 0.004) )	/ 2 )
	=	-0.06	/	( ( 0.137	+	0.122 )	/ 2 )
	=	-0.06	/	0.1295
	=	-46.33 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Harmony Acquisitions (TSXV:MONY.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.

Harmony Acquisitions ROCE % Related Terms

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Harmony Acquisitions (TSXV:MONY.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Harmony Acquisitions Corp (TSXV:MONY.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Burrard Street, Suite 2300, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

Harmony Acquisitions Corp is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction (QT).

Harmony Acquisitions (TSXV:MONY.P) Headlines

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