SMG European Recovery SPAC SE (FRA:RCVR) ROCE % : 3.38% (As of Jun. 2023)

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What is SMG European Recovery SPAC SE 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. SMG European Recovery SPAC SE's annualized ROCE % for the quarter that ended in Jun. 2023 was 3.38%.

SMG European Recovery SPAC SE ROCE % Historical Data

The historical data trend for SMG European Recovery SPAC SE'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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SMG European Recovery SPAC SE ROCE % Chart

SMG European Recovery SPAC SE Annual Data

Trend

Dec21

Dec22

ROCE %

-11.49

SMG European Recovery SPAC SE Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
ROCE %	-	-7.85	-7.32	3.38

SMG European Recovery SPAC SE ROCE % Calculation

SMG European Recovery SPAC SE'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 )
	=	-6.594	/	( ( (0.236 - 2.013)	+	(119.606 - 3.001) )	/ 2 )
	=	-6.594	/	( (-1.777	+	116.605)	/ 2 )
	=	-6.594	/	57.414
	=	-11.49 %

SMG European Recovery SPAC SE's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1.722	/	( ( (119.606 - 3.001)	+	(121.323 - 136.007) )	/ 2 )
	=	1.722	/	( ( 116.605	+	-14.684 )	/ 2 )
	=	1.722	/	50.9605
	=	3.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

SMG European Recovery SPAC SE (FRA:RCVR) 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.

SMG European Recovery SPAC SE ROCE % Related Terms

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SMG European Recovery SPAC SE (FRA:RCVR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RCVR:Germany

Address

9, rue de Bitbourg, Luxembourg, LUX, L-1273

Website

https://www.smg-spac.com

SMG European Recovery SPAC SE is a special-purpose acquisition company that intends to seek a suitable target for the Business Combination in the real estate-related hospitality sector with a focus on the sub-sector lodging and leisure.

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