DRAYW (Macondray Capital Acquisition I) ROCE %: -0.45% (As of Sep. 2022)

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DRAYW Macondray Capital Acquisition Corp I DRAYW
22 GF Score
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What is Macondray Capital Acquisition I ROCE %?

Macondray Capital Acquisition I DRAYW 22 ROCE % is -0.45% as of Sep. 2022. GuruFocus rates DRAYW with a GF Score™ of 22/100.

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. Macondray Capital Acquisition I's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.45%.

Macondray Capital Acquisition I  (NAS:DRAYW) 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.

Macondray Capital Acquisition I ROCE % Related Terms

Macondray Capital Acquisition I ROCE % Historical Data

* Premium members only.

The historical data trend for Macondray Capital Acquisition I'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.

Macondray Capital Acquisition I ROCE % Chart

Macondray Capital Acquisition I Annual Data
Trend Dec21
ROCE %
0.00

Macondray Capital Acquisition I Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROCE % Get a 7-Day Free Trial -1.15 -0.39 -0.40 -0.29 -0.45
DRAYW
22GF Score
Macondray Capital Acquisition Corp I DRAYW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Macondray Capital Acquisition I ROCE % Calculation

Macondray Capital Acquisition I's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2021 )  (A: . 20 )(A: Dec. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2021 )  (A: . 20 )(A: Dec. 2021 )
=/( ( ( - ) + ( - ) )/ )
=/( (+)/ )
=/
= %

Macondray Capital Acquisition I's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=-1.32/( ( (291.211 - 0.023) + (292.402 - 0.088) )/ 2 )
=-1.32/( ( 291.188 + 292.314 )/ 2 )
=-1.32/291.751
=-0.45 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -0.45% mean?
Macondray Capital Acquisition I (DRAYW) has a ROCE % of -0.45% as of Sep. 2022.
Is Macondray Capital Acquisition I's ROCE % too high?
Macondray Capital Acquisition I's current ROCE % is -0.45%. Overall, Macondray Capital Acquisition I has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Macondray Capital Acquisition I's ROCE % compare to HUGS and LGTO?
Macondray Capital Acquisition I's ROCE % of -0.45% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Macondray Capital Acquisition I's current ROCE % is -0.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macondray Capital Acquisition I stock overvalued right now?
Macondray Capital Acquisition I (DRAYW) has a current ROCE % of -0.45%. The current ROCE % is -0.45%. Macondray Capital Acquisition I's overall GF Score™ is 22/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Macondray Capital Acquisition I (DRAYW), the current ROCE % is -0.45% as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Macondray Capital Acquisition I Business Description

Address 2995 Woodside Road, Suite 250, Woodside, CA, USA, 94062
Macondray Capital Acquisition Corp I is a blank check company.
22GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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