Freedom Acquisition I (Freedom Acquisition I) ROCE % : -2.86% (As of Mar. 2023)

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What is Freedom Acquisition I 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. Freedom Acquisition I's annualized ROCE % for the quarter that ended in Mar. 2023 was -2.86%.

Freedom Acquisition I ROCE % Historical Data

The historical data trend for Freedom 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.

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Freedom Acquisition I ROCE % Chart

Freedom Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-2.20

-1.28

Freedom Acquisition I Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial					-1.40	-0.96	0.23	-3.00	-2.86

Freedom Acquisition I ROCE % Calculation

Freedom Acquisition I'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 )
	=	-4.407	/	( ( (346.22 - 2.58)	+	(350.121 - 5.687) )	/ 2 )
	=	-4.407	/	( (343.64	+	344.434)	/ 2 )
	=	-4.407	/	344.037
	=	-1.28 %

Freedom Acquisition I'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 )
	=	-6.48	/	( ( (350.121 - 5.687)	+	(116.619 - 8.607) )	/ 2 )
	=	-6.48	/	( ( 344.434	+	108.012 )	/ 2 )
	=	-6.48	/	226.223
	=	-2.86 %

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

Freedom Acquisition I (NYSE:FACT.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.

Freedom Acquisition I ROCE % Related Terms

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