Better World Acquisition (Better World Acquisition) ROCE % : -8.97% (As of Mar. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Better World 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. Better World Acquisition's annualized ROCE % for the quarter that ended in Mar. 2023 was -8.97%.

Better World Acquisition ROCE % Historical Data

The historical data trend for Better World 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.

* Premium members only.

Better World Acquisition ROCE % Chart

Better World Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-1.70

-2.63

Better World Acquisition Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial						-1.56	-1.69	-2.72	-8.56	-8.97

Better World Acquisition ROCE % Calculation

Better World 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 )
	=	-2.238	/	( ( (129.099 - 0.431)	+	(44.743 - 3.333) )	/ 2 )
	=	-2.238	/	( (128.668	+	41.41)	/ 2 )
	=	-2.238	/	85.039
	=	-2.63 %

Better World 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 )
	=	-3.108	/	( ( (44.743 - 3.333)	+	(32.464 - 4.602) )	/ 2 )
	=	-3.108	/	( ( 41.41	+	27.862 )	/ 2 )
	=	-3.108	/	34.636
	=	-8.97 %

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

Better World Acquisition (OTCPK:BWACU) 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.

Better World Acquisition ROCE % Related Terms

Thank you for viewing the detailed overview of Better World Acquisition's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Better World Acquisition (Better World Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Better World Acquisition Corp (OTCPK:BWACU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

775 Park Avenue, New York, NY, USA, 10021

Website

Better World Acquisition Corp is a blank check company.

Executives

Robert M Chiste	director	120 EAGLE ROCK AVENUE SUITE 190, EAST HANOVER NJ 07936
Bradford Scovill Oberwager	director	340 S. LEMON AVE. #5445, WALNUT CA 91789
Grubstein Peter S H	director, 10 percent owner, officer: Chief Financial Officer
Kristopher A Wood	director	11360 LAKE FIELD DRIVE, DULUTH GA 30097
Bwa Holdings Llc	10 percent owner	1177 AVENUE OF THE AMERICAS 18TH FLOOR, NEW YORK NY 10036
Rosemary L Ripley	director, officer: Chief Executive Officer	733 THIRD AVENUE, NEW YORK NY 10017
Shay Murphy	officer: Vice President	733 THIRD AVENUE, NEW YORK NY 10017
Jennifer Prosek	director	733 THIRD AVENUE, NEW YORK NY 10017