MARX (Mars Acquisition) ROCE % : -5.80% (As of Jun. 2024)

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What is Mars Acquisition 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. Mars Acquisition's annualized ROCE % for the quarter that ended in Jun. 2024 was -5.80%.

Mars Acquisition ROCE % Historical Data

The historical data trend for Mars 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.

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Mars Acquisition ROCE % Chart

Mars Acquisition Annual Data

Trend

Sep21

Sep22

Sep23

ROCE %

-1.43

Mars Acquisition Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial						-0.86	-0.72	-0.49	-1.05	-5.80

Mars Acquisition ROCE % Calculation

Mars Acquisition's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.522	/	( ( (0.205 - 0.23)	+	(72.916 - 0.016) )	/ 2 )
	=	-0.522	/	( (-0.025	+	72.9)	/ 2 )
	=	-0.522	/	36.4375
	=	-1.43 %

Mars Acquisition's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-1.292	/	( ( (22.878 - 0.567)	+	(23.101 - 0.892) )	/ 2 )
	=	-1.292	/	( ( 22.311	+	22.209 )	/ 2 )
	=	-1.292	/	22.26
	=	-5.80 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Mars Acquisition (NAS:MARX) 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.

Mars Acquisition ROCE % Related Terms

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Mars Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mars Acquisition Corp (NAS:MARX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1177 Avenue of The Americas, Suite 5100, Americas Tower, New York, NY, USA, 10036

Website

Mars Acquisition Corp is a blank check company.

Executives

Yenyou Zheng	director	1055 WEST HASTINGS STREET, SUITE 1980, VANCOUVER A1 V6E 2E9
Xin He	director	32000 AURORA ROAD, SUITE B, SOLON OH 44139
James M. Jenkins	director	1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Karl Brenza	director	26 CHERRY STREET, KATONAH NY 10536
Yang Liu	director	59 FREDERICKS ST, WEST ORANGE NJ 07052
Shanchun Huang	director	PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Xiaochen Zhao	director	1177 AVENUE OF THE AMERICAS, SUITE 5100, NEW YORK NY 10036