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Conyers Park III Acquisition (Conyers Park III Acquisition) ROCE % : -2.00% (As of Jun. 2023)


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What is Conyers Park III 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. Conyers Park III Acquisition's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.00%.

Conyers Park III Acquisition ROCE % Historical Data

The historical data trend for Conyers Park III 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.

* Premium members only.

Conyers Park III Acquisition ROCE % Chart

Conyers Park III Acquisition Annual Data
Trend Dec21 Dec22
ROCE %
-0.12 -0.35

Conyers Park III Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.24 -0.32 -0.33 -0.25 -2.00

Conyers Park III Acquisition ROCE % Calculation

Conyers Park III Acquisition'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 )
=-1.253/( ( (359.132 - 0.205) + (361.829 - 1.048) )/ 2 )
=-1.253/( (358.927+360.781)/ 2 )
=-1.253/359.854
=-0.35 %

Conyers Park III Acquisition's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=-7.292/( ( (365.147 - 1.869) + (366.641 - 2.04) )/ 2 )
=-7.292/( ( 363.278 + 364.601 )/ 2 )
=-7.292/363.9395
=-2.00 %

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

* 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.

Conyers Park III Acquisition  (NAS:CPAAU) 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.

Conyers Park III Acquisition ROCE % Related Terms

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Conyers Park III Acquisition (Conyers Park III Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Conyers Park III Acquisition Corp (NAS:CPAAU) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
999 Vanderbilt Beach Road, Suite 601, Naples, FL, USA, 34108
Website
https://www.conyers-park.com
Conyers Park III Acquisition Corp is a blank check company.