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Iris Acquisition (Iris Acquisition) ROCE % : 0.00% (As of Dec. 2023)


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What is Iris 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. Iris Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Iris Acquisition ROCE % Historical Data

The historical data trend for Iris 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.

Iris Acquisition ROCE % Chart

Iris Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
- -1.84 7.52 -19.38

Iris Acquisition Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.16 -21.47 -23.95 -50.79 -

Iris Acquisition ROCE % Calculation

Iris Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-1.089/( ( (15.488 - 3.591) + (4.502 - 5.159) )/ 2 )
=-1.089/( (11.897+-0.657)/ 2 )
=-1.089/5.62
=-19.38 %

Iris Acquisition'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 )
=3.416/( ( (4.558 - 4.604) + (4.502 - 5.159) )/ 2 )
=3.416/( ( -0.046 + -0.657 )/ 2 )
=3.416/-0.3515
=0 %

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

Iris Acquisition  (NAS:IRAA) 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.

Iris Acquisition ROCE % Related Terms

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Iris Acquisition (Iris Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Iris Acquisition Corp (NAS:IRAA) » Definitions » ROCE %
Comparable Companies
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Traded in Other Exchanges
IRAAU:USA
Address
122 Mary Street, P.O. Box 10085, 3rd Floor Zephyr House, George Town, Grand Cayman, CYM, KY1-1001
Website
https://www.tribecap.co
Iris Acquisition Corp is a blank check company.
Executives
Manish C. Shah director 1115 BROADWAY, TENTH FLOOR, NEW YORK NY 10010
Lisha Parmar officer: Chief Financial Officer UNIT 1611 INDEX TOWER DIFC, PO BOX 941641, DUBAI C0 00000
Omkar Halady officer: Vice President UNIT 1611 INDEX TOWER DIFC, PO BOX 941641, DUBAI C0 00000
Duriya M Farooqui director C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Richard N. Peretz director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Henry S. Ward director C/O FISKER INC., 1580 FRANCISCO STREET, SUITE B, TORRANCE CA 90501
Tribe Arrow Holdings I Llc 10 percent owner 2700 19TH ST, SAN FRANCISCO CA 94110
Rohit Nanani director 2700 19TH STREET, SAN FRANCISCO CA 94110
Ted Maidenberg officer: Secretary 2700 19TH STREET, SAN FRANCISCO CA 94110
Sumit Mehta officer: Vice President 2700 19TH STREET, SAN FRANCISCO CA 94110
Arjun Sethi director, officer: Chairman & CEO 2700 19TH STREET, SAN FRANCISCO CA 94110
Omar Chohan officer: Chief Financial Officer 2700 19TH STREET, SAN FRANCISCO CA 94110