Ahren Acquisition (Ahren Acquisition) ROCE % : -0.36% (As of Mar. 2023)

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What is Ahren 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. Ahren Acquisition's annualized ROCE % for the quarter that ended in Mar. 2023 was -0.36%.

Ahren Acquisition ROCE % Historical Data

The historical data trend for Ahren 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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Ahren Acquisition ROCE % Chart

Ahren Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-1.27

Ahren Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial			-0.82	-0.86	-1.33	-2.19	-0.36

Ahren Acquisition ROCE % Calculation

Ahren 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 )
	=	-3.898	/	( ( (308.834 - 0.856)	+	(310.975 - 3.969) )	/ 2 )
	=	-3.898	/	( (307.978	+	307.006)	/ 2 )
	=	-3.898	/	307.492
	=	-1.27 %

Ahren Acquisition's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-1.116	/	( ( (310.975 - 3.969)	+	(313.519 - 5.323) )	/ 2 )
	=	-1.116	/	( ( 307.006	+	308.196 )	/ 2 )
	=	-1.116	/	307.601
	=	-0.36 %

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

Ahren Acquisition (NAS:AHRNW) 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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