OPA.U (Magnum Opus Acquisition) ROCE % : -2.48% (As of Mar. 2023)

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What is Magnum Opus 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. Magnum Opus Acquisition's annualized ROCE % for the quarter that ended in Mar. 2023 was -2.48%.

Magnum Opus Acquisition ROCE % Historical Data

The historical data trend for Magnum Opus 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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Magnum Opus Acquisition ROCE % Chart

Magnum Opus Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-2.78

Magnum Opus Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial				-2.90	-1.99	-3.02	-3.31	-2.48

Magnum Opus Acquisition ROCE % Calculation

Magnum Opus Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-5.483	/	( ( (200.593 - 3.123)	+	(203.76 - 6.942) )	/ 2 )
	=	-5.483	/	( (197.47	+	196.818)	/ 2 )
	=	-5.483	/	197.144
	=	-2.78 %

Magnum Opus Acquisition's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-3.188	/	( ( (203.76 - 6.942)	+	(68.248 - 7.487) )	/ 2 )
	=	-3.188	/	( ( 196.818	+	60.761 )	/ 2 )
	=	-3.188	/	128.7895
	=	-2.48 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Magnum Opus Acquisition (NYSE:OPA.U) 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.

Magnum Opus Acquisition ROCE % Related Terms

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Magnum Opus Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Magnum Opus Acquisition Ltd (NYSE:OPA.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

IBC Tower Three Garden Road, Unit 1009, Central, HKG

Website

Magnum Opus Acquisition Ltd is a blank check company.

Executives

Magnum Opus Sponsors Llc	10 percent owner	UNIT 1009, ICBC TOWER, 3 GARDEN ROAD, HONG KONG K3 00000
Hsieh Wing Hong Sammy	director	15/F， PROSPERITY MILLENNIA PLAZA, 663 KING?S ROAD, QUARRY BAY, HONG KONG K3 00000
Magnum Opus Holdings Llc	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Xing Ling Liu	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Dickson Cheng	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Alexandre Casin	director	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lin Hou Pu Jonathan	director, 10 percent owner	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Frank Han	officer: President	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000
Lee Kevin Ka Man	director, officer: Chief Financial Officer	77 DES VOEUX ROAD, NEXXUS BUILDING UNIT 1509, CENTRAL K3 00000