DMYY (dMY Squared Technology Group) ROCE % : -5.01% (As of Sep. 2024)

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What is dMY Squared Technology Group 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. dMY Squared Technology Group's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.01%.

dMY Squared Technology Group ROCE % Historical Data

The historical data trend for dMY Squared Technology Group'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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dMY Squared Technology Group ROCE % Chart

dMY Squared Technology Group Annual Data

Trend

Dec22

Dec23

ROCE %

4.34

dMY Squared Technology Group Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					-1.48	24.01	-4.16	-7.12	-5.01

dMY Squared Technology Group ROCE % Calculation

dMY Squared Technology Group'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 )
	=	2.831	/	( ( (65.508 - 0.686)	+	(67.701 - 2.154) )	/ 2 )
	=	2.831	/	( (64.822	+	65.547)	/ 2 )
	=	2.831	/	65.1845
	=	4.34 %

dMY Squared Technology Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.152	/	( ( (25.164 - 2.127)	+	(25.554 - 2.614) )	/ 2 )
	=	-1.152	/	( ( 23.037	+	22.94 )	/ 2 )
	=	-1.152	/	22.9885
	=	-5.01 %

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

dMY Squared Technology Group (AMEX:DMYY) 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.

dMY Squared Technology Group ROCE % Related Terms

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dMY Squared Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » dMY Squared Technology Group Inc (AMEX:DMYY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 North Town Center Drive, Suite 100, Las Vegas, NV, USA, 89144

Website

https://www.dmytechnology.com

dMY Squared Technology Group Inc is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Harry L. You	director, 10 percent owner, officer: See Remarks	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Francesca Luthi	director	1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Weaver Constance K	director	2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Charles Wert	director	200 PARK AVENUE, NEW YORK NY 10166
Darla Anderson	director	C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103
Masi Niccolo De	director, officer: Co-Chief Executive Officer	500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Dmy Squared Sponsor, Llc	10 percent owner	1180 NORTH TOWN CENTER DRIVE SUITE 100, LAS VEGAS NV 89144

dMY Squared Technology Group Headlines

From GuruFocus

Walleye Capital LLC Increases Stake in dMY Squared Technology Group Inc

By GuruFocus News • 11-15-2024

Meteora Capital, LLC Reduces Stake in dMY Squared Technology Group Inc

By GuruFocus News • 11-15-2024