Breeze Holdings Acquisition (Breeze Holdings Acquisition) ROCE % : -88.63% (As of Mar. 2024)

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What is Breeze Holdings 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. Breeze Holdings Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -88.63%.

Breeze Holdings Acquisition ROCE % Historical Data

The historical data trend for Breeze Holdings 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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Breeze Holdings Acquisition ROCE % Chart

Breeze Holdings Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-1.48

-3.62

-23.59

Breeze Holdings Acquisition Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-38.50	-20.09	-25.87	-38.06	-88.63

Breeze Holdings Acquisition ROCE % Calculation

Breeze Holdings Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-2.07	/	( ( (17.934 - 5.551)	+	(13.244 - 8.077) )	/ 2 )
	=	-2.07	/	( (12.383	+	5.167)	/ 2 )
	=	-2.07	/	8.775
	=	-23.59 %

Breeze Holdings Acquisition's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-4.188	/	( ( (13.244 - 8.077)	+	(13.507 - 9.224) )	/ 2 )
	=	-4.188	/	( ( 5.167	+	4.283 )	/ 2 )
	=	-4.188	/	4.725
	=	-88.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Breeze Holdings Acquisition (NAS:BREZ) 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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Breeze Holdings Acquisition (Breeze Holdings Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Breeze Holdings Acquisition Corp (NAS:BREZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

955 West John Carpenter Freeway, Suite 100-929, Irving, TX, USA, 75039

Website

Breeze Holdings Acquisition Corp is a blank check company.

Executives

James L Williams	director	C/O EMERGISOFT CORPORATION, 2225 AVENUE J, ARLINGTON TX 76006
Albert Mclelland	director	9114 LA STRADA CT., DALLAS TX 75220
Bill Stark	director	5324 DAVIS BLVD, NORTH RICHLAND HILLS IL 76180
Daniel Linn Hunt	director	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
Robert Lee Thomas	director	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
J Douglas Ramsey	director, 10 percent owner, officer: CEO and CFO	5016 AUBURNDALE AVE, COLLEYVILLE TX 76034
Charles C. Ross	officer: COO	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
Russell D. Griffin	director, officer: President	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180
Breeze Sponsor, Llc	10 percent owner	5324 DAVIS BLVD, NORTH RICHLAND HILLS TX 76180