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Group Nine Acquisition (Group Nine Acquisition) ROCE % : -0.75% (As of Sep. 2022)


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What is Group Nine Acquisition 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. Group Nine Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.75%.

Group Nine Acquisition ROCE % Historical Data

The historical data trend for Group Nine 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.

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Group Nine Acquisition ROCE % Chart

Group Nine Acquisition Annual Data
Trend Dec20 Dec21
ROCE %
- -1.83

Group Nine Acquisition Quarterly Data
Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROCE % Get a 7-Day Free Trial -0.60 -0.98 -0.80 -1.00 -0.75

Group Nine Acquisition ROCE % Calculation

Group Nine 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 )
=-2.079/( ( (0.477 - 0.454) + (231.112 - 3.706) )/ 2 )
=-2.079/( (0.023+227.406)/ 2 )
=-2.079/113.7145
=-1.83 %

Group Nine 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 )
=-1.696/( ( (230.99 - 4.501) + (231.753 - 4.032) )/ 2 )
=-1.696/( ( 226.489 + 227.721 )/ 2 )
=-1.696/227.105
=-0.75 %

(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.

Group Nine Acquisition  (NAS:GNACW) 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.

Group Nine Acquisition ROCE % Related Terms

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Group Nine Acquisition (Group Nine Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Group Nine Acquisition Corp (NAS:GNACW) » Definitions » ROCE %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
568 Broadway, Floor 10, New York, NY, USA, 10012
Website
https://www.gnacinc.com
Group Nine 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.