ADEX.U (Adit Edtech Acquisition) ROCE % : -4.89% (As of Sep. 2023)

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What is Adit Edtech 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. Adit Edtech Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.89%.

Adit Edtech Acquisition ROCE % Historical Data

The historical data trend for Adit Edtech 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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Adit Edtech Acquisition ROCE % Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-2.71

-2.00

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							1.42	-21.49	-17.96	-13.43	-4.89

Adit Edtech Acquisition ROCE % Calculation

Adit Edtech 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 )
	=	-2.941	/	( ( (276.857 - 3.323)	+	(27.205 - 7.135) )	/ 2 )
	=	-2.941	/	( (273.534	+	20.07)	/ 2 )
	=	-2.941	/	146.802
	=	-2.00 %

Adit Edtech Acquisition's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.78	/	( ( (26.442 - 7.807)	+	(21.88 - 8.594) )	/ 2 )
	=	-0.78	/	( ( 18.635	+	13.286 )	/ 2 )
	=	-0.78	/	15.9605
	=	-4.89 %

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

Adit Edtech Acquisition (AMEX:ADEX.U) 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.

Adit Edtech Acquisition ROCE % Related Terms

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Adit Edtech Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462