ARTEW (Artemis Strategic Investment) ROCE %: -0.84% (As of Jun. 2023)


ARTEW Artemis Strategic Investment Corp ARTEW
26 GF Score
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What is Artemis Strategic Investment ROCE %?

Artemis Strategic Investment ARTEW 26 ROCE % is -0.84% as of Jun. 2023. GuruFocus rates ARTEW with a GF Score™ of 26/100.

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. Artemis Strategic Investment's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.84%.

Artemis Strategic Investment  (NAS:ARTEW) 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.

Artemis Strategic Investment ROCE % Related Terms

Artemis Strategic Investment ROCE % Historical Data

* Premium members only.

The historical data trend for Artemis Strategic Investment'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.

Artemis Strategic Investment ROCE % Chart

Artemis Strategic Investment Annual Data
Trend Dec21 Dec22
ROCE %
-0.14 -3.17

Artemis Strategic Investment Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.55 -1.43 -1.37 -1.15 -0.84
ARTEW
26GF Score
Artemis Strategic Investment Corp ARTEW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Artemis Strategic Investment ROCE % Calculation

Artemis Strategic Investment'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 )
=-6.469/( ( (206.689 - 0.397) + (208.512 - 6.21) )/ 2 )
=-6.469/( (206.292+202.302)/ 2 )
=-6.469/204.297
=-3.17 %

Artemis Strategic Investment'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 )
=-0.912/( ( (210.248 - 6.923) + (211.185 - 196.124) )/ 2 )
=-0.912/( ( 203.325 + 15.061 )/ 2 )
=-0.912/109.193
=-0.84 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -0.84% mean?
Artemis Strategic Investment (ARTEW) has a ROCE % of -0.84% as of Jun. 2023.
Is Artemis Strategic Investment's ROCE % too high?
Artemis Strategic Investment's current ROCE % is -0.84%. Overall, Artemis Strategic Investment has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Artemis Strategic Investment's ROCE % compare to GTAC and RFAC?
Artemis Strategic Investment's ROCE % of -0.84% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Artemis Strategic Investment's current ROCE % is -0.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artemis Strategic Investment stock overvalued right now?
Artemis Strategic Investment (ARTEW) has a current ROCE % of -0.84%. The current ROCE % is -0.84%. Artemis Strategic Investment's overall GF Score™ is 26/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Artemis Strategic Investment (ARTEW), the current ROCE % is -0.84% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Artemis Strategic Investment Business Description

Address 3310 East Corona Avenue, Phoenix, AZ, USA, 85040
Artemis Strategic Investment Corp is a blank check company.
26GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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