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Healthcare Services Acquisition (Healthcare Services Acquisition) ROCE % : -0.31% (As of Sep. 2022)


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What is Healthcare Services 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. Healthcare Services Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.31%.

Healthcare Services Acquisition ROCE % Historical Data

The historical data trend for Healthcare Services 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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Healthcare Services Acquisition ROCE % Chart

Healthcare Services Acquisition Annual Data
Trend Dec20 Dec21
ROCE %
- -1.24

Healthcare Services Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROCE % Get a 7-Day Free Trial -1.33 -0.24 -1.09 -1.25 -0.31

Healthcare Services Acquisition ROCE % Calculation

Healthcare Services 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 )
=-4.111/( ( (332.592 - 0.177) + (332.241 - 0.233) )/ 2 )
=-4.111/( (332.415+332.008)/ 2 )
=-4.111/332.2115
=-1.24 %

Healthcare Services 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 )
=-1.044/( ( (332.04 - 0.212) + (333.139 - 0.587) )/ 2 )
=-1.044/( ( 331.828 + 332.552 )/ 2 )
=-1.044/332.19
=-0.31 %

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

Healthcare Services Acquisition  (NAS:HCARU) 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.

Healthcare Services Acquisition ROCE % Related Terms

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Healthcare Services Acquisition (Healthcare Services Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Healthcare Services Acquisition Corp (NAS:HCARU) » Definitions » ROCE %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
7809 Woodmont Avenue, Suite 200, Bethesda, MD, USA, 20814
Website
https://www.healthcarespac.com
Healthcare Services Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Brian T Griffin director
David T Blair director, officer: CEO and Chairman of the Board HEALTHEXTRAS, INC, 800 KING FARM BLVD, 4TH FL, ROCKVILLE MD 20850
Michael P Donovan director HEALTHEXTRAS, INC, 800 KING FARM BLVD, 4TH FL, ROCKVILLE MD 20850
Jeanne L. Manischewitz director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Martin J. Payne director, officer: President and Director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Joshua B. Lynn officer: Chief Financial Officer 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Tao Tan officer: Chief Operating Officer 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814