ASAXW (Astrea Acquisition) ROCE % : -0.82% (As of Jun. 2022)

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What is Astrea 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. Astrea Acquisition's annualized ROCE % for the quarter that ended in Jun. 2022 was -0.82%.

Astrea Acquisition ROCE % Historical Data

The historical data trend for Astrea 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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Astrea Acquisition ROCE % Chart

Astrea Acquisition Annual Data

Trend

Dec20

Dec21

ROCE %

-1.93

Astrea Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %	Get a 7-Day Free Trial			-0.67	-1.34	-1.32	-0.95	-0.82

Astrea Acquisition ROCE % Calculation

Astrea Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-1.656	/	( ( (0.11 - 0.086)	+	(172.973 - 1.21) )	/ 2 )
	=	-1.656	/	( (0.024	+	171.763)	/ 2 )
	=	-1.656	/	85.8935
	=	-1.93 %

Astrea Acquisition's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	-1.412	/	( ( (172.911 - 1.49)	+	(172.993 - 1.66) )	/ 2 )
	=	-1.412	/	( ( 171.421	+	171.333 )	/ 2 )
	=	-1.412	/	171.377
	=	-0.82 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

Astrea Acquisition (NAS:ASAXW) 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.

Astrea Acquisition ROCE % Related Terms

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