PNACW (Prime Number Acquisition I) ROCE %: -3.55% (As of Jun. 2023)

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PNACW Prime Number Acquisition I Corp PNACW
19 GF Score
Price $0.05
! 1 Warning Sign
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What is Prime Number Acquisition I ROCE %?

Prime Number Acquisition I PNACW -51.33% 19 ROCE % is -3.55% as of Jun. 2023. GuruFocus rates PNACW with a GF Score™ of 19/100. The stock has 1 warning sign 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. Prime Number Acquisition I's annualized ROCE % for the quarter that ended in Jun. 2023 was -3.55%.

Prime Number Acquisition I  (NAS:PNACW) 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.

Prime Number Acquisition I ROCE % Related Terms

Prime Number Acquisition I ROCE % Historical Data

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The historical data trend for Prime Number Acquisition 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.

Prime Number Acquisition I ROCE % Chart

Prime Number Acquisition I Annual Data
Trend Dec21 Dec22
ROCE %
0.00 -1.97

Prime Number Acquisition I Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
ROCE % Get a 7-Day Free Trial Premium Member Only -1.62 -1.04 -2.05 -2.11 -3.55
PNACW
19GF Score
Prime Number Acquisition I Corp PNACW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Prime Number Acquisition I ROCE % Calculation

Prime Number Acquisition I'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 )
=-0.637/( ( (0.374 - 0.35) + (67.122 - 2.541) )/ 2 )
=-0.637/( (0.024+64.581)/ 2 )
=-0.637/32.3025
=-1.97 %

Prime Number Acquisition I's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Mar. 2023 )(Q: Jun. 2023 )
=-2.016/( ( (67.673 - 2.861) + (52.342 - 3.683) )/ 2 )
=-2.016/( ( 64.812 + 48.659 )/ 2 )
=-2.016/56.7355
=-3.55 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) 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 -3.55% mean?
Prime Number Acquisition I (PNACW) has a ROCE % of -3.55% as of Jun. 2023.
Is Prime Number Acquisition I's ROCE % too high?
Prime Number Acquisition I's current ROCE % is -3.55%. Overall, Prime Number Acquisition I has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Prime Number Acquisition I's ROCE % compare to ?
Prime Number Acquisition I's ROCE % of -3.55% 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. Prime Number Acquisition I's current ROCE % is -3.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prime Number Acquisition I stock overvalued right now?
Prime Number Acquisition I (PNACW) has a current ROCE % of -3.55%. The current ROCE % is -3.55%. Prime Number Acquisition I's overall GF Score™ is 19/100 with 1 warning sign 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 Prime Number Acquisition I (PNACW), the current ROCE % is -3.55% as of Jun. 2023. 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.

Prime Number Acquisition I Business Description

Comparable Companies
Address 1129 Northern Boulevard, Suite 404, Manhasset, NY, USA, 11030
Prime Number Acquisition I Corp is a blank check company.
19GF 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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