FTPAW (FTAC Parnassus Acquisition) ROCE %: -0.79% (As of Sep. 2022)


FTPAW FTAC Parnassus Acquisition Corp FTPAW
22 GF Score
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What is FTAC Parnassus Acquisition ROCE %?

FTAC Parnassus Acquisition FTPAW 22 ROCE % is -0.79% as of Sep. 2022. GuruFocus rates FTPAW with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

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. FTAC Parnassus Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.79%.

FTAC Parnassus Acquisition  (NAS:FTPAW) 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.

FTAC Parnassus Acquisition ROCE % Related Terms

FTAC Parnassus Acquisition ROCE % Historical Data

* Premium members only.

The historical data trend for FTAC Parnassus Acquisition'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.

FTAC Parnassus Acquisition ROCE % Chart

FTAC Parnassus Acquisition Annual Data
Trend Dec20 Dec21
ROCE %
0.00 -0.90

FTAC Parnassus Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROCE % Get a 7-Day Free Trial -0.50 -0.55 -0.53 -0.64 -0.79
FTPAW
22GF Score
FTAC Parnassus Acquisition Corp FTPAW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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FTAC Parnassus Acquisition ROCE % Calculation

FTAC Parnassus Acquisition'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: Dec. 2020 )(A: Dec. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=-1.134/( ( (0.031 - 0.007) + (251.131 - 0.249) )/ 2 )
=-1.134/( (0.024+250.882)/ 2 )
=-1.134/125.453
=-0.90 %

FTAC Parnassus Acquisition'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 )
=-1.984/( ( (250.552 - 0.101) + (251.367 - 0.512) )/ 2 )
=-1.984/( ( 250.451 + 250.855 )/ 2 )
=-1.984/250.653
=-0.79 %

(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 -0.79% mean?
FTAC Parnassus Acquisition (FTPAW) has a ROCE % of -0.79% as of Sep. 2022.
Is FTAC Parnassus Acquisition's ROCE % too high?
FTAC Parnassus Acquisition's current ROCE % is -0.79%. Overall, FTAC Parnassus Acquisition has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does FTAC Parnassus Acquisition's ROCE % compare to EMLD and FTCV?
FTAC Parnassus Acquisition's ROCE % of -0.79% 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. FTAC Parnassus Acquisition's current ROCE % is -0.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTAC Parnassus Acquisition stock overvalued right now?
FTAC Parnassus Acquisition (FTPAW) has a current ROCE % of -0.79%. The current ROCE % is -0.79%. FTAC Parnassus Acquisition's overall GF Score™ is 22/100 with 1 warning sign to review. 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 FTAC Parnassus Acquisition (FTPAW), the current ROCE % is -0.79% 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.

FTAC Parnassus Acquisition Business Description

Address 2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
FTAC Parnassus Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
22GF Score

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