26 Capital Acquisition (26 Capital Acquisition) ROCE % : -43.61% (As of Jun. 2023)

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What is 26 Capital 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. 26 Capital Acquisition's annualized ROCE % for the quarter that ended in Jun. 2023 was -43.61%.

26 Capital Acquisition ROCE % Historical Data

The historical data trend for 26 Capital 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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26 Capital Acquisition ROCE % Chart

26 Capital Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-2.30

-2.53

26 Capital Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial							-1.53	-1.41	-2.42	-106.51	-43.61

26 Capital Acquisition ROCE % Calculation

26 Capital Acquisition'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 )
	=	-3.837	/	( ( (276.786 - 3.381)	+	(35.512 - 5.821) )	/ 2 )
	=	-3.837	/	( (273.405	+	29.691)	/ 2 )
	=	-3.837	/	151.548
	=	-2.53 %

26 Capital Acquisition's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-10.144	/	( ( (37.201 - 11.523)	+	(37.359 - 16.519) )	/ 2 )
	=	-10.144	/	( ( 25.678	+	20.84 )	/ 2 )
	=	-10.144	/	23.259
	=	-43.61 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

26 Capital Acquisition (NAS:ADER) 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.

26 Capital Acquisition ROCE % Related Terms

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26 Capital Acquisition (26 Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 26 Capital Acquisition Corp (NAS:ADER) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Brickell Avenue, OfficeEdge Miami, Suite 1550, Miami, FL, USA, 33131

Website

https://www.spac26.com

26 Capital Acquisition Corp is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
John Randall Waterfield	director	140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
Jason Ader	director, 10 percent owner, officer: Chief Executive Officer	C/O HAYGROUND COVE ASSET MANAGEMENT LLC, 1370 SIXTH AVENUE, NEW YORK NY 10019
Joseph Kaminkow	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
26 Capital Holdings Llc	10 percent owner	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
John K Lewis	officer: Chief Financial Officer	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Gregory S. Lyss	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Rafi Ashkenazi	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131