ACBAW (Ace Global Business Acquisition) ROCE %: -7.30% (As of Dec. 2023)


ACBAW Ace Global Business Acquisition Ltd ACBAW
23 GF Score
Price $0.02
! 4 Warning Signs
View Full Analysis

What is Ace Global Business Acquisition ROCE %?

Ace Global Business Acquisition ACBAW 23 ROCE % is -7.30% as of Dec. 2023. GuruFocus rates ACBAW with a GF Score™ of 23/100. The stock has 4 warning signs investors should review.

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. Ace Global Business Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.30%.

Ace Global Business Acquisition  (NAS:ACBAW) 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.

Ace Global Business Acquisition ROCE % Related Terms

Ace Global Business Acquisition ROCE % Historical Data

* Premium members only.

The historical data trend for Ace Global Business 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.

Ace Global Business Acquisition ROCE % Chart

Ace Global Business Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
0.00 -4.37 -1.79 -4.50

Ace Global Business Acquisition Quarterly Data
Dec20 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 -1.74 -6.82 -3.36 -6.89 -7.30
ACBAW
23GF Score
Ace Global Business Acquisition Ltd ACBAW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ace Global Business Acquisition ROCE % Calculation

Ace Global Business 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 )
=-1.463/( ( (49.074 - 2.316) + (23.399 - 5.104) )/ 2 )
=-1.463/( (46.758+18.295)/ 2 )
=-1.463/32.5265
=-4.50 %

Ace Global Business 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 )
=-1.336/( ( (22.946 - 4.622) + (23.399 - 5.104) )/ 2 )
=-1.336/( ( 18.324 + 18.295 )/ 2 )
=-1.336/18.3095
=-7.30 %

(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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -7.30% mean?
Ace Global Business Acquisition (ACBAW) has a ROCE % of -7.30% as of Dec. 2023.
Is Ace Global Business Acquisition's ROCE % too high?
Ace Global Business Acquisition's current ROCE % is -7.30%. Overall, Ace Global Business Acquisition has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Ace Global Business Acquisition's ROCE % compare to DKDCA and GDNR?
Ace Global Business Acquisition's ROCE % of -7.30% 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 ROCE % for a Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Ace Global Business Acquisition's current ROCE % is -7.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ace Global Business Acquisition stock overvalued right now?
Ace Global Business Acquisition (ACBAW) has a current ROCE % of -7.30%. The current ROCE % is -7.30%. Ace Global Business Acquisition's overall GF Score™ is 23/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ace Global Business Acquisition (ACBAW), the current ROCE % is -7.30% as of Dec. 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.

Ace Global Business Acquisition Business Description

Address Tower 2, Lippo Centre, No. 89, Room. 806, 8th Floor, Queensway, Admiralty, Hong Kong, HKG
Ace Global Business Acquisition Ltd is a newly organized blank check company.
23GF Score

Get the complete analysis for ACBAW

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.02
Price