G Squared Ascend II (G Squared Ascend II) ROCE % : -0.91% (As of Mar. 2023)

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What is G Squared Ascend II 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. G Squared Ascend II's annualized ROCE % for the quarter that ended in Mar. 2023 was -0.91%.

G Squared Ascend II ROCE % Historical Data

The historical data trend for G Squared Ascend II'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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G Squared Ascend II ROCE % Chart

G Squared Ascend II Annual Data

Trend

Dec21

Dec22

ROCE %

-1.13

G Squared Ascend II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial				-1.07	-1.01	-1.13	-1.32	-0.91

G Squared Ascend II ROCE % Calculation

G Squared Ascend II'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 )
	=	-1.672	/	( ( (147.725 - 0.216)	+	(148.515 - 0.437) )	/ 2 )
	=	-1.672	/	( (147.509	+	148.078)	/ 2 )
	=	-1.672	/	147.7935
	=	-1.13 %

G Squared Ascend II'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 )
	=	-1.348	/	( ( (148.515 - 0.437)	+	(149.571 - 0.297) )	/ 2 )
	=	-1.348	/	( ( 148.078	+	149.274 )	/ 2 )
	=	-1.348	/	148.676
	=	-0.91 %

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

G Squared Ascend II (NYSE:GSQB.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.

G Squared Ascend II ROCE % Related Terms

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G Squared Ascend II (G Squared Ascend II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » G Squared Ascend II Inc (NYSE:GSQB.WS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 N Michigan Avenue, Suite 3770, Chicago, IL, USA, 60601

Website

https://www.gsquaredascendii.com

G Squared Ascend II Inc is a blank check company.

G Squared Ascend II (G Squared Ascend II) Headlines

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