OTECW (OceanTech Acquisitions I) ROCE %: -173.77% (As of Mar. 2024)

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OTECW OceanTech Acquisitions I Corp OTECW
20 GF Score
Price $0.07
! 4 Warning Signs
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What is OceanTech Acquisitions I ROCE %?

OceanTech Acquisitions I OTECW 20 ROCE % is -173.77% as of Mar. 2024. GuruFocus rates OTECW with a GF Score™ of 20/100. The stock has 4 warning signs investors should review.

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. OceanTech Acquisitions I's annualized ROCE % for the quarter that ended in Mar. 2024 was -173.77%.

OceanTech Acquisitions I  (NAS:OTECW) 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.

OceanTech Acquisitions I ROCE % Related Terms

OceanTech Acquisitions I ROCE % Historical Data

* Premium members only.

The historical data trend for OceanTech Acquisitions I'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.

OceanTech Acquisitions I ROCE % Chart

OceanTech Acquisitions I Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
0.00 3.23 -19.87

OceanTech Acquisitions I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.62 -17.78 -29.21 -22.17 -173.77
OTECW
20GF Score
OceanTech Acquisitions I Corp OTECW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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OceanTech Acquisitions I ROCE % Calculation

OceanTech Acquisitions I'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 )
=-2.098/( ( (19.465 - 2.245) + (9.389 - 5.489) )/ 2 )
=-2.098/( (17.22+3.9)/ 2 )
=-2.098/10.56
=-19.87 %

OceanTech Acquisitions I's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-6.18/( ( (9.389 - 5.489) + (9.314 - 6.101) )/ 2 )
=-6.18/( ( 3.9 + 3.213 )/ 2 )
=-6.18/3.5565
=-173.77 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) 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 -173.77% mean?
OceanTech Acquisitions I (OTECW) has a ROCE % of -173.77% as of Mar. 2024.
Is OceanTech Acquisitions I's ROCE % too high?
OceanTech Acquisitions I's current ROCE % is -173.77%. Overall, OceanTech Acquisitions I has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does OceanTech Acquisitions I's ROCE % compare to FATP and WAVS?
OceanTech Acquisitions I's ROCE % of -173.77% 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. OceanTech Acquisitions I's current ROCE % is -173.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OceanTech Acquisitions I stock overvalued right now?
OceanTech Acquisitions I (OTECW) has a current ROCE % of -173.77%. The current ROCE % is -173.77%. OceanTech Acquisitions I's overall GF Score™ is 20/100 with 4 warning signs to review. 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 OceanTech Acquisitions I (OTECW), the current ROCE % is -173.77% as of Mar. 2024. 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.

OceanTech Acquisitions I Business Description

Address 515 Madison Avenue, 8th Floor - Suite 8133, New York, NY, USA, 10022
OceanTech Acquisitions I Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
20GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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