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Longview Acquisition II (Longview Acquisition II) ROCE % : -0.18% (As of Sep. 2022)


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What is Longview Acquisition 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. Longview Acquisition II's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.18%.

Longview Acquisition II ROCE % Historical Data

The historical data trend for Longview Acquisition 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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Longview Acquisition II ROCE % Chart

Longview Acquisition II Annual Data
Trend Dec20 Dec21
ROCE %
- -1.44

Longview Acquisition II Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROCE % Get a 7-Day Free Trial -1.85 -0.40 -0.38 -0.28 -0.18

Longview Acquisition II ROCE % Calculation

Longview Acquisition II'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 )
=-4.948/( ( (0.109 - 0.086) + (690.819 - 4.17) )/ 2 )
=-4.948/( (0.023+686.649)/ 2 )
=-4.948/343.336
=-1.44 %

Longview Acquisition II'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 )
=-1.212/( ( (691.731 - 4.764) + (693.599 - 4.974) )/ 2 )
=-1.212/( ( 686.967 + 688.625 )/ 2 )
=-1.212/687.796
=-0.18 %

(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.

Longview Acquisition II  (NYSE:LGVWS) 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.

Longview Acquisition II ROCE % Related Terms

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Longview Acquisition II (Longview Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Longview Acquisition Corp II (NYSE:LGVWS) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
767 Fifth Avenue, 44th Floor, New York, NY, USA, 10153
Website
https://www.longviewacquisition.com
Longview Acquisition Corp II is a blank check company. It is formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.