ITACW (Industrial Tech Acquisitions) ROCE %: -0.14% (As of Sep. 2020)


What is Industrial Tech Acquisitions ROCE %?

Industrial Tech Acquisitions ITACW ROCE % is -0.14% as of Sep. 2020.

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. Industrial Tech Acquisitions's annualized ROCE % for the quarter that ended in Sep. 2020 was -0.14%.

Industrial Tech Acquisitions  (NAS:ITACW) 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.

Industrial Tech Acquisitions ROCE % Related Terms

Industrial Tech Acquisitions ROCE % Historical Data

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The historical data trend for Industrial Tech Acquisitions'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.

Industrial Tech Acquisitions ROCE % Chart

Industrial Tech Acquisitions Annual Data
Trend Dec20
ROCE %
0.00

Industrial Tech Acquisitions Semi-Annual Data
Jun20 Sep20 Dec20
ROCE % 0.00 -0.14 0.00

Industrial Tech Acquisitions ROCE % Calculation

Industrial Tech Acquisitions's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: . 20 )  (A: . 20 )(A: . 20 )
=/( ( ( - ) + ( - ) )/ )
=/( (+)/ )
=/
= %

Industrial Tech Acquisitions'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 )
=-0.052/( ( (0.075 - 0.052) + (76.41 - 0.007) )/ 2 )
=-0.052/( ( 0.023 + 76.403 )/ 2 )
=-0.052/38.213
=-0.14 %

(1) Note: The EBIT data used here is one times the annual (Sep. 2020) 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 -0.14% mean?
Industrial Tech Acquisitions (ITACW) has a ROCE % of -0.14% as of Sep. 2020.
Is Industrial Tech Acquisitions' ROCE % too high?
Industrial Tech Acquisitions' current ROCE % is -0.14%.
How does Industrial Tech Acquisitions' ROCE % compare to ?
Industrial Tech Acquisitions' ROCE % of -0.14% 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. Industrial Tech Acquisitions's current ROCE % is -0.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Tech Acquisitions stock overvalued right now?
Industrial Tech Acquisitions (ITACW) has a current ROCE % of -0.14%. The current ROCE % is -0.14%. 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 Industrial Tech Acquisitions (ITACW), the current ROCE % is -0.14% as of Sep. 2020. 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.

Industrial Tech Acquisitions Business Description

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Address 5090 Richmond Avenue, Suite 319, Houston, TX, USA, 77056
Industrial Tech Acquisitions Inc is a blank check company.