CF Finance Acquisition (CF Finance Acquisition) ROCE % : -0.61% (As of Sep. 2020)

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What is CF Finance 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. CF Finance Acquisition's annualized ROCE % for the quarter that ended in Sep. 2020 was -0.61%.

CF Finance Acquisition ROCE % Historical Data

The historical data trend for CF Finance 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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CF Finance Acquisition ROCE % Chart

CF Finance Acquisition Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

ROCE %

-6.82

-2.30

-0.02

-0.23

CF Finance Acquisition Quarterly Data
	Dec16	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial									-0.15	-0.46	-0.33	-0.59	-0.61

CF Finance Acquisition ROCE % Calculation

CF Finance Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-0.653	/	( ( (278.533 - 2.878)	+	(291.775 - 4.253) )	/ 2 )
	=	-0.653	/	( (275.655	+	287.522)	/ 2 )
	=	-0.653	/	281.5885
	=	-0.23 %

CF Finance Acquisition's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-1.516	/	( ( (288.605 - 7.214)	+	(219.008 - 6.421) )	/ 2 )
	=	-1.516	/	( ( 281.391	+	212.587 )	/ 2 )
	=	-1.516	/	246.989
	=	-0.61 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

CF Finance Acquisition (NAS:CFFA) 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.

CF Finance Acquisition ROCE % Related Terms

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