OAKU (Oak Woods Acquisition) ROCE % : -3.63% (As of Sep. 2024)

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What is Oak Woods 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. Oak Woods Acquisition's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.63%.

Oak Woods Acquisition ROCE % Historical Data

The historical data trend for Oak Woods 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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Oak Woods Acquisition ROCE % Chart

Oak Woods Acquisition Annual Data

Trend

Dec22

Dec23

ROCE %

-3.41

Oak Woods Acquisition Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					-1.68	-3.69	-4.29	-6.52	-3.63

Oak Woods Acquisition ROCE % Calculation

Oak Woods Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.029	/	( ( (0.268 - 0.309)	+	(61.199 - 0.816) )	/ 2 )
	=	-1.029	/	( (-0.041	+	60.383)	/ 2 )
	=	-1.029	/	30.171
	=	-3.41 %

Oak Woods Acquisition's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.896	/	( ( (62.99 - 2.655)	+	(64.021 - 19.891) )	/ 2 )
	=	-1.896	/	( ( 60.335	+	44.13 )	/ 2 )
	=	-1.896	/	52.2325
	=	-3.63 %

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

Oak Woods Acquisition (NAS:OAKU) 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.

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Oak Woods Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Oak Woods Acquisition Corp (NAS:OAKU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Roswell Drive, Nepean, ON, CAN, K2J 0H5

Website

https://www.oakwoodsacquisition.com

Oak Woods Acquisition Corp is a a newly-incorporated blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more target businesses.