AfterNext HealthTech Acquisition (AfterNext HealthTech Acquisition) ROCE % : 0.00% (As of Jun. 2023)

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What is AfterNext HealthTech 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. AfterNext HealthTech Acquisition's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

AfterNext HealthTech Acquisition ROCE % Historical Data

The historical data trend for AfterNext HealthTech 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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AfterNext HealthTech Acquisition ROCE % Chart

AfterNext HealthTech Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-0.61

AfterNext HealthTech Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial				-	-0.55	-0.61	-0.64	-

AfterNext HealthTech Acquisition ROCE % Calculation

AfterNext HealthTech 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 )
	=	-1.468	/	( ( (252.492 - 11.29)	+	(254.625 - 11.945) )	/ 2 )
	=	-1.468	/	( (241.202	+	242.68)	/ 2 )
	=	-1.468	/	241.941
	=	-0.61 %

AfterNext HealthTech 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 )
	=	0	/	( ( (256.946 - 13.114)	+	(259.517 - 11.956) )	/ 2 )
	=	0	/	( ( 243.832	+	247.561 )	/ 2 )
	=	0	/	245.6965
	=	0.00 %

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

AfterNext HealthTech Acquisition (NYSE:AFTR.WS) 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.

AfterNext HealthTech Acquisition ROCE % Related Terms

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AfterNext HealthTech Acquisition (AfterNext HealthTech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AfterNext HealthTech Acquisition Corp (NYSE:AFTR.WS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

301 Commerce Street, Suite 3300, City Fort Worth, TX, USA, 76102

Website

AfterNext HealthTech Acquisition Corp is a blank check company.

AfterNext HealthTech Acquisition (AfterNext HealthTech Acquisition) Headlines

From GuruFocus

AfterNext HealthTech Acquisition Corp. Announces Closing of $250 Million Initial Public Offering

By Business Wire Business Wire • 08-16-2021

AfterNext HealthTech Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Warrants Commencing October 4, 2021

By Business Wire Business Wire • 09-29-2021