Churchill Capital IV (Churchill Capital IV) ROCE % : -0.14% (As of Dec. 2020)

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What is Churchill Capital IV 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. Churchill Capital IV's annualized ROCE % for the quarter that ended in Dec. 2020 was -0.14%.

Churchill Capital IV ROCE % Historical Data

The historical data trend for Churchill Capital IV'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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Churchill Capital IV ROCE % Chart

Churchill Capital IV Annual Data

Trend

Dec20

ROCE %

-0.14

Churchill Capital IV Semi-Annual Data
	May20	Jun20	Sep20	Dec20
ROCE %	-	-	-0.03	-0.14

Churchill Capital IV ROCE % Calculation

Churchill Capital IV's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Churchill Capital IV's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	-2.976	/	( ( (2075.487 - 0.033)	+	(2074.617 - 1.528) )	/ 2 )
	=	-2.976	/	( ( 2075.454	+	2073.089 )	/ 2 )
	=	-2.976	/	2074.2715
	=	-0.14 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2020) EBIT data.

Churchill Capital IV (NYSE:CCIV.WS) 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.

Churchill Capital IV ROCE % Related Terms

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