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Alpha Healthcare Acquisition III (Alpha Healthcare Acquisition III) ROCE % : -1.94% (As of Mar. 2023)


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What is Alpha Healthcare Acquisition III 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 III's annualized ROCE % for the quarter that ended in Mar. 2023 was -1.94%.

Alpha Healthcare Acquisition III ROCE % Historical Data

The historical data trend for Alpha Healthcare Acquisition III'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 III ROCE % Chart

Alpha Healthcare Acquisition III Annual Data
Trend Dec21 Dec22
ROCE %
-0.30 -1.06

Alpha Healthcare Acquisition III Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROCE % Get a 7-Day Free Trial Premium Member Only -1.38 -0.74 -0.32 -1.82 -1.94

Alpha Healthcare Acquisition III ROCE % Calculation

Alpha Healthcare Acquisition III'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 )
=-1.651/( ( (155.422 - 0.33) + (156.979 - 1.682) )/ 2 )
=-1.651/( (155.092+155.297)/ 2 )
=-1.651/155.1945
=-1.06 %

Alpha Healthcare Acquisition III'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 )
=-3.024/( ( (156.979 - 1.682) + (158.496 - 2.623) )/ 2 )
=-3.024/( ( 155.297 + 155.873 )/ 2 )
=-3.024/155.585
=-1.94 %

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

* 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.

Alpha Healthcare Acquisition III  (NAS:ALPAW) 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 III ROCE % Related Terms

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Alpha Healthcare Acquisition III (Alpha Healthcare Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Alpha Healthcare Acquisition Corp III (NAS:ALPAW) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
1177 Avenue of the Americas, 5th Floor, New York, NY, USA, 10036
Website
Alpha Healthcare Acquisition Corp III is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.