Pivotal Acquisition (Pivotal Acquisition) ROCE % : -0.47% (As of Sep. 2019)

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What is Pivotal 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. Pivotal Acquisition's annualized ROCE % for the quarter that ended in Sep. 2019 was -0.47%.

Pivotal Acquisition ROCE % Historical Data

The historical data trend for Pivotal 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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Pivotal Acquisition ROCE % Chart

Pivotal Acquisition Annual Data

Trend

Dec18

ROCE %

Pivotal Acquisition Quarterly Data
	Sep18	Mar19	Jun19	Sep19
ROCE %	-	-0.78	-0.89	-0.47

Pivotal Acquisition ROCE % Calculation

Pivotal Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: . 20 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: . 20 )		(A: Dec. 2018 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Pivotal Acquisition's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-1.1	/	( ( (232.911 - 0.547)	+	(233.876 - 0.861) )	/ 2 )
	=	-1.1	/	( ( 232.364	+	233.015 )	/ 2 )
	=	-1.1	/	232.6895
	=	-0.47 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Pivotal Acquisition (NYSE:PVT.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.

Pivotal Acquisition ROCE % Related Terms

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Pivotal Acquisition (Pivotal Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pivotal Acquisition Corp (NYSE:PVT.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

Executives

Christopher Weiler	director, officer: Chief Executive Officer	C/O ON-SITE SOURCING, 1111 NORTH 19TH ST. #600, ARLINGTON VA 22209
Donna S Morea	director	214 N TRYON STREET, CHARLOTTE NC 28202
Evan B Morgan	director	C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Jonathan J Ledecky	director	C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Krystina L. Jones	officer: EVP, Global Sales & Marketing	C/O KLDISCOVERY, 8201 GREENBORO DRIVE, SUITE 300, MCLEAN VA 22102
Dawn M. Wilson	officer: Chief Financial Officer	C/O KLDISCOVERY, 8201 GREENSBORO DRIVE, SUITE 300, MCLEAN VA 22102
Prior Lawrence B Iii	director	10260 CAMPUS POINT DRIVE, M/S 1-4-1, SAN DIEGO CA 92121
Ian Fujiyama	director	CARLYLE GROUP, 1001 PENNSYLVANIA AVE NW, SUITE 220S, WASHINGTON DC 20004
Cg Subsidiary Holdings L.l.c.	10 percent owner	C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Ceof Ii Coinvestment B (de), L.p.	10 percent owner	C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Ceof Ii De I Aiv, L.p.	10 percent owner	C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Ceof Ii Coinvestment (de), L.p.	10 percent owner	C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Pivotal Spac Funding Llc	10 percent owner	C/O MGG INVESTMENT GROUP ONE PENN PLAZA, 53RD FLOOR, NEW YORK NY 10119
Mgg Investment Group Lp	director, 10 percent owner, other: See remarks	ONE PENN PLAZA, 53RD FLOOR, NEW YORK NY 10119
Greg Racz	director, 10 percent owner, other: See remarks	C/O OCTAVIAN GLOBAL PARTNERS, LLC, 650 MADISON AVENUE, 26TH FLOOR, NEW YORK NY 10022

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