FTAC Athena Acquisition (FTAC Athena Acquisition) ROCE % : -0.36% (As of Sep. 2022)

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What is FTAC Athena 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. FTAC Athena Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.36%.

FTAC Athena Acquisition ROCE % Historical Data

The historical data trend for FTAC Athena 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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FTAC Athena Acquisition ROCE % Chart

FTAC Athena Acquisition Annual Data

Trend

Dec20

Dec21

ROCE %

-1.49

FTAC Athena Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-1.60	-0.75	-0.74	-0.67	-0.36

FTAC Athena Acquisition ROCE % Calculation

FTAC Athena Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-1.862	/	( ( (0.049 - 0.03)	+	(250.61 - 0.742) )	/ 2 )
	=	-1.862	/	( (0.019	+	249.868)	/ 2 )
	=	-1.862	/	124.9435
	=	-1.49 %

FTAC Athena Acquisition's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-0.896	/	( ( (250.636 - 1.307)	+	(251.67 - 1.461) )	/ 2 )
	=	-0.896	/	( ( 249.329	+	250.209 )	/ 2 )
	=	-0.896	/	249.769
	=	-0.36 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

FTAC Athena Acquisition (NAS:FTAAU) 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.

FTAC Athena Acquisition ROCE % Related Terms

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FTAC Athena Acquisition (FTAC Athena Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Athena Acquisition Corp (NAS:FTAAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104

Website

FTAC Athena Acquisition Corp is a blank check company.

Executives

Candice N Bednar	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Douglas Listman	officer: CFO and Secretary	2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Mei Mei Tuan	director	C/O THE BANCORP, INC., 409 SILVERSIDE ROAD, WILMINGTON DE 19809
Daniela Mielke	director	8500 GOVERNORS HILL DRIVE, SYMMES TOWNSHIP OH 45249
Betsy Z Cohen	director, 10 percent owner
Amanda J Abrams	10 percent owner, officer: Chief Executive Officer	1000 CONTINENTAL DRIVE, SUITE 300, KING OF PRUSSIA PA 19406
Ftac Athena Advisors, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Athena Sponsor, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Jewelle Bickford	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Leah Popowich	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104