Horizon Acquisition II (Horizon Acquisition II) ROCE % : -4.01% (As of Dec. 2022)

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What is Horizon Acquisition II 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. Horizon Acquisition II's annualized ROCE % for the quarter that ended in Dec. 2022 was -4.01%.

Horizon Acquisition II ROCE % Historical Data

The historical data trend for Horizon Acquisition II'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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Horizon Acquisition II ROCE % Chart

Horizon Acquisition II Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.57

-1.77

Horizon Acquisition II Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial					-0.09	-0.16	-0.20	-1.66	-4.01

Horizon Acquisition II ROCE % Calculation

Horizon Acquisition II'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 )
	=	-6.092	/	( ( (525.645 - 2.485)	+	(173.19 - 8.37) )	/ 2 )
	=	-6.092	/	( (523.16	+	164.82)	/ 2 )
	=	-6.092	/	343.99
	=	-1.77 %

Horizon Acquisition II's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-13.784	/	( ( (528.321 - 6.181)	+	(173.19 - 8.37) )	/ 2 )
	=	-13.784	/	( ( 522.14	+	164.82 )	/ 2 )
	=	-13.784	/	343.48
	=	-4.01 %

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

Horizon Acquisition II (AMEX:HZON) 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.

Horizon Acquisition II ROCE % Related Terms

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Horizon Acquisition II (Horizon Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Horizon Acquisition Corp II (AMEX:HZON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Steamboat Road, Suite 200, Greenwich, CT, USA, 06830

Website

Horizon Acquisition Corp II is a blank check company.

Executives

Horizon Ii Sponsor, Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Stephen D Sautel	director	C/O HORIZON ACQUISITION, 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Zachary D Warren	director	C/O HORIZON ACQUISITION, 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly	director, 10 percent owner, officer: CEO and CFO	600 STEAMBOAT ROAD, GREENWICH CT 06830
Jason Robins	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Robert Ott	officer: Vice President	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Asif Satchu	director	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Carlton Mcmillen	officer: Vice President	600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Mordecai Wiczyk	director	C/O HORIZON ACQUISITION, 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830

Horizon Acquisition II (Horizon Acquisition II) Headlines

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Horizon Acquisition Corporation II Transfers Listing to NYSE American LLC

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Horizon Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing December 10, 2020

By Business Wire Business Wire • 12-10-2020