Hennessy Capital Acquisition IV (Hennessy Capital Acquisition IV) ROCE % : -3.72% (As of Sep. 2020)

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What is Hennessy Capital Acquisition IV 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. Hennessy Capital Acquisition IV's annualized ROCE % for the quarter that ended in Sep. 2020 was -3.72%.

Hennessy Capital Acquisition IV ROCE % Historical Data

The historical data trend for Hennessy Capital Acquisition IV'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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Hennessy Capital Acquisition IV ROCE % Chart

Hennessy Capital Acquisition IV Annual Data

Trend

Dec18

Dec19

ROCE %

-2.12

Hennessy Capital Acquisition IV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial			-3.05	-0.59	-0.50	-0.61	-3.72

Hennessy Capital Acquisition IV ROCE % Calculation

Hennessy Capital Acquisition IV's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-3.253	/	( ( (0.238 - 0.216)	+	(308.512 - 2.281) )	/ 2 )
	=	-3.253	/	( (0.022	+	306.231)	/ 2 )
	=	-3.253	/	153.1265
	=	-2.12 %

Hennessy Capital Acquisition IV's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-11.316	/	( ( (309.464 - 2.565)	+	(306.971 - 5.06) )	/ 2 )
	=	-11.316	/	( ( 306.899	+	301.911 )	/ 2 )
	=	-11.316	/	304.405
	=	-3.72 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

Hennessy Capital Acquisition IV (NAS:HCACU) 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.

Hennessy Capital Acquisition IV ROCE % Related Terms

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Hennessy Capital Acquisition IV (Hennessy Capital Acquisition IV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hennessy Capital Acquisition Corp IV (NAS:HCACU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3485 North Pines Way, Suite 110, Wilson, WY, USA, 83014

Website

http://www.hennessycapllc.com

Hennessy Capital Acquisition Corp IV is a blank check company.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Gretchen W Mcclain	director	XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
James F Oneil	director	C/O FIRSTENERGY CORP., 76 SOUTH MAIN STREET, AKRON OH 44308
Bradley J Bell	director	9900 WEST 109TH STREET, SUITE 100, OVERLAND PARK KS 66210
Daniel J Hennessy	director, 10 percent owner, officer: Chief Executive Officer	10 SOUTH WACKER DRIVE, CHICAGO IL 60606
Hennessy Capital Group Llc	10 percent owner	10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606
Peter Shea	director	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, 46TH FLOOR, NEW YORK NY 10153
Richard Edward Burns	director	10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606
Nicholas A Petruska	officer: EVP, CFO and Secretary	10 SOUTH WACKER DRIVE, SUITE 3175, CHICAGO IL 60606
Greg Ethridge	director, officer: President, COO and Director	585 WEED STREET, NEW CANAAN CT 06840
Juan Carlos Mas	director	C/O NEFF RENTAL INC, 3750 NW 87TH AVE #400, MIAMI FL 33178
Hennessy Capital Partners Iv Llc	10 percent owner	3485 N PINES WAY SUITE 110, WILSON WY 83014