Corsair Partnering (Corsair Partnering) ROCE % : -0.42% (As of Mar. 2023)

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What is Corsair Partnering 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. Corsair Partnering's annualized ROCE % for the quarter that ended in Mar. 2023 was -0.42%.

Corsair Partnering ROCE % Historical Data

The historical data trend for Corsair Partnering'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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Corsair Partnering ROCE % Chart

Corsair Partnering Annual Data

Trend

Dec21

Dec22

ROCE %

-0.26

-0.42

Corsair Partnering Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial				-0.61	-0.44	-0.30	-0.32	-0.42

Corsair Partnering ROCE % Calculation

Corsair Partnering'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 )
	=	-1.183	/	( ( (282.438 - 0.343)	+	(285.735 - 0.547) )	/ 2 )
	=	-1.183	/	( (282.095	+	285.188)	/ 2 )
	=	-1.183	/	283.6415
	=	-0.42 %

Corsair Partnering'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 )
	=	-1.208	/	( ( (285.735 - 0.547)	+	(288.683 - 0.671) )	/ 2 )
	=	-1.208	/	( ( 285.188	+	288.012 )	/ 2 )
	=	-1.208	/	286.6
	=	-0.42 %

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

Corsair Partnering (NYSE:CORS) 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.

Corsair Partnering ROCE % Related Terms

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Corsair Partnering (Corsair Partnering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Corsair Partnering Corp (NYSE:CORS) » Definitions » ROCE %

Comparable Companies

TACA AHPA SVFB CAS AKIC GWII TOAC TGR MCAA DTRT

Traded in Other Exchanges

N/A

Address

717 Fifth Avenue, 24th Floor, New York, NY, USA, 10022

Website

https://corsair-capital.com/spac

Corsair Partnering Corp is not engaged in any business operations. The company's purpose is of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar Partnering Transaction with one or more businesses.

Executives

William I Jacobs	director	C/O MASTERCARD INTERNATIONAL INC, 2000 PURCHASE ST, PUCHASE NY 10577-2509
Daniel J Eckert	director	3465 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jeremy Schein	director, officer: President	3 WEST PACES FERRY ROAD, SUITE 200, ATLANTA GA 30305
Paul Cabral	officer: Chief Financial Officer	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022
Jayanti D.t. Ignacio	director, officer: Chief Executive Officer	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022
Corsair Partnering Sponsor Lp	10 percent owner	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022
Maripat Alpuche	director	717 FIFTH AVENUE, 24TH FLOOR, NEW YORK NY 10022

Corsair Partnering (Corsair Partnering) Headlines

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