Aura Fat Projects Acquisition (Aura Fat Projects Acquisition) ROCE % : -2.46% (As of Feb. 2024)

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What is Aura Fat Projects 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. Aura Fat Projects Acquisition's annualized ROCE % for the quarter that ended in Feb. 2024 was -2.46%.

Aura Fat Projects Acquisition ROCE % Historical Data

The historical data trend for Aura Fat Projects 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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Aura Fat Projects Acquisition ROCE % Chart

Aura Fat Projects Acquisition Annual Data

Trend

Nov22

Nov23

ROCE %

-0.56

-2.26

Aura Fat Projects Acquisition Quarterly Data
	Dec21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial				-0.88	-2.00	-2.48	-4.70	-2.46

Aura Fat Projects Acquisition ROCE % Calculation

Aura Fat Projects Acquisition's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-1.673	/	( ( (119.266 - 0.124)	+	(30.968 - 1.93) )	/ 2 )
	=	-1.673	/	( (119.142	+	29.038)	/ 2 )
	=	-1.673	/	74.09
	=	-2.26 %

Aura Fat Projects Acquisition's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.716	/	( ( (30.968 - 1.93)	+	(31.392 - 2.128) )	/ 2 )
	=	-0.716	/	( ( 29.038	+	29.264 )	/ 2 )
	=	-0.716	/	29.151
	=	-2.46 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Aura Fat Projects Acquisition (NAS:AFAR) 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.

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Aura Fat Projects Acquisition (Aura Fat Projects Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aura Fat Projects Acquisition Corp (NAS:AFAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 09-00, 1 Phillip Street, Royal One Phillip, Singapore, SGP, 048692

Website

Aura Fat Projects Acquisition Corp formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses.

Executives

Aura Fat Projects Capital Llc

10 percent owner

103 SOUTH CHURCH STREET, PO BOX 10240, GRAND CAYMAN E9 KY1-1002