GRNVW (GreenVision Acquisition) ROCE %: -0.46% (As of Mar. 2021)

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What is GreenVision Acquisition ROCE %?

GreenVision Acquisition GRNVW ROCE % is -0.46% as of Mar. 2021. 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. GreenVision Acquisition's annualized ROCE % for the quarter that ended in Mar. 2021 was -0.46%.

GreenVision Acquisition  (NAS:GRNVW) 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.

GreenVision Acquisition ROCE % Related Terms

GreenVision Acquisition ROCE % Historical Data

* Premium members only.

The historical data trend for GreenVision 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.

GreenVision Acquisition ROCE % Chart

GreenVision Acquisition Annual Data
Trend Dec19 Dec20
ROCE %
0.00 -1.46

GreenVision Acquisition Semi-Annual Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
ROCE % Get a 7-Day Free Trial -0.27 -0.34 -0.26 -0.60 -0.46

GreenVision Acquisition ROCE % Calculation

GreenVision Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=-0.849/( ( (58.101 - 0.086) + (58.414 - 0.333) )/ 2 )
=-0.849/( (58.015+58.081)/ 2 )
=-0.849/58.048
=-1.46 %

GreenVision Acquisition's ROCE % of for the quarter that ended in Mar. 2021 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2021 )  (Q: Dec. 2020 )(Q: Mar. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2021 )  (Q: Dec. 2020 )(Q: Mar. 2021 )
=-0.269/( ( (58.414 - 0.333) + (59.206 - 0.819) )/ 2 )
=-0.269/( ( 58.081 + 58.387 )/ 2 )
=-0.269/58.234
=-0.46 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2021) 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 -0.46% mean?
GreenVision Acquisition (GRNVW) has a ROCE % of -0.46% as of Mar. 2021.
Is GreenVision Acquisition's ROCE % too high?
GreenVision Acquisition's current ROCE % is -0.46%.
How does GreenVision Acquisition's ROCE % compare to ?
GreenVision Acquisition's ROCE % of -0.46% 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. GreenVision Acquisition's current ROCE % is -0.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GreenVision Acquisition stock overvalued right now?
GreenVision Acquisition (GRNVW) has a current ROCE % of -0.46%. The current ROCE % is -0.46%. 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 GreenVision Acquisition (GRNVW), the current ROCE % is -0.46% as of Mar. 2021. 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.

GreenVision Acquisition Business Description

Comparable Companies
Address One Penn Plaza, 36th Floor, New York, NY, USA, 10019
GreenVision Acquisition Corp is a blank check company.