HWELW (Healthwell Acquisition I) ROC %: -1.93% (As of Jun. 2023)


HWELW Healthwell Acquisition Corp I HWELW
20 GF Score
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What is Healthwell Acquisition I ROC %?

Healthwell Acquisition I HWELW 20 ROC % is -1.93% as of Jun. 2023. GuruFocus rates HWELW with a GF Score™ of 20/100. The stock has 1 warning sign investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Healthwell Acquisition I's annualized return on capital (ROC %) for the quarter that ended in Jun. 2023 was -1.93%.

As of today (2026-06-24), Healthwell Acquisition I's WACC % is 10.12%. Healthwell Acquisition I's ROC % is -0.58% (calculated using TTM income statement data). Healthwell Acquisition I earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Healthwell Acquisition I  (NAS:HWELW) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Healthwell Acquisition I's WACC % is 10.12%. Healthwell Acquisition I's ROC % is -0.58% (calculated using TTM income statement data). Healthwell Acquisition I earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Healthwell Acquisition I ROC % Related Terms

Healthwell Acquisition I ROC % Historical Data

* Premium members only.

The historical data trend for Healthwell Acquisition I's ROC % 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.

Healthwell Acquisition I ROC % Chart

Healthwell Acquisition I Annual Data
Trend Dec21 Dec22
ROC %
0.00 -0.60

Healthwell Acquisition I Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.50 0.00 -0.47 -0.27 -1.93
HWELW
20GF Score
Healthwell Acquisition Corp I HWELW
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Healthwell Acquisition I ROC % Calculation

Healthwell Acquisition I's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

ROC % (A: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2021 ) + Invested Capital (A: Dec. 2022 ))/ count )
=-1.624 * ( 1 - 6.24% )/( (250.515 + 253.669)/ 2 )
=-1.5226624/252.092
=-0.60 %

where

Invested Capital(A: Dec. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=251.542 - 0.278 - ( 0.749 - max(0, 0.278 - 1.239+0.749))
=250.515

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=254.137 - 0.928 - ( 0.138 - max(0, 0.928 - 0.468+0.138))
=253.669

Healthwell Acquisition I's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=-4.98 * ( 1 - 0% )/( (255.867 + 259.171)/ 2 )
=-4.98/257.519
=-1.93 %

where

Invested Capital(Q: Mar. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=256.102 - 1.081 - ( 0.035 - max(0, 1.122 - 0.276+0.035))
=255.867

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=259.049 - 2.387 - ( 0.047 - max(0, 2.664 - 0.155+0.047))
=259.171

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -1.93% mean?
Healthwell Acquisition I (HWELW) has a ROC % of -1.93% as of Jun. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Healthwell Acquisition I and its competitors.
Is Healthwell Acquisition I's ROC % too high?
Healthwell Acquisition I's current ROC % is -1.93%. Overall, Healthwell Acquisition I has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Healthwell Acquisition I's ROC % compare to PWUP and BLUA?
Healthwell Acquisition I's ROC % of -1.93% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Diversified Financial Services company?
A good ROC % depends on the Diversified Financial Services industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Healthwell Acquisition I and its competitors. Healthwell Acquisition I's current ROC % is -1.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healthwell Acquisition I stock overvalued right now?
Healthwell Acquisition I (HWELW) has a current ROC % of -1.93%. The current ROC % is -1.93%. Healthwell Acquisition I's overall GF Score™ is 20/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Healthwell Acquisition I (HWELW), the current ROC % is -1.93% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Healthwell Acquisition I Business Description

Address 1001 Green Bay Road, Suite 227, Winnetka, IL, USA, 60093
Healthwell Acquisition Corp I is a blank check company.
20GF Score

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