Alpha Healthcare Acquisition (Alpha Healthcare Acquisition) ROCE % : -0.24% (As of Jun. 2021)

View and export this data going back to 2020. Start your Free Trial

What is Alpha Healthcare 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. Alpha Healthcare Acquisition's annualized ROCE % for the quarter that ended in Jun. 2021 was -0.24%.

Alpha Healthcare Acquisition ROCE % Historical Data

The historical data trend for Alpha Healthcare 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.

* Premium members only.

Alpha Healthcare Acquisition ROCE % Chart

Alpha Healthcare Acquisition Annual Data

Trend

Dec20

ROCE %

Alpha Healthcare Acquisition Semi-Annual Data
	Jul20	Sep20	Dec20	Mar21	Jun21
ROCE %	-	-0.04	-0.23	-0.49	-0.24

Alpha Healthcare Acquisition ROCE % Calculation

Alpha Healthcare Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Alpha Healthcare Acquisition's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-0.244	/	( ( (100.667 - 0.136)	+	(100.51 - 0.22) )	/ 2 )
	=	-0.244	/	( ( 100.531	+	100.29 )	/ 2 )
	=	-0.244	/	100.4105
	=	-0.24 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2021) EBIT data.

Alpha Healthcare Acquisition (NAS:AHACW) 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.

Alpha Healthcare Acquisition ROCE % Related Terms

Thank you for viewing the detailed overview of Alpha Healthcare Acquisition's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.