Aries I Acquisition (Aries I Acquisition) ROCE % : -3.24% (As of Sep. 2022)

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What is Aries I 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. Aries I Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was -3.24%.

Aries I Acquisition ROCE % Historical Data

The historical data trend for Aries I 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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Aries I Acquisition ROCE % Chart

Aries I Acquisition Annual Data

Trend

Dec21

ROCE %

-1.61

Aries I Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-1.34	-3.21	-1.99	-1.63	-3.24

Aries I Acquisition ROCE % Calculation

Aries I Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: . 20 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: . 20 )		(A: Dec. 2021 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Aries I Acquisition's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-2.66	/	( ( (146.524 - 2.599)	+	(23.823 - 3.551) )	/ 2 )
	=	-2.66	/	( ( 143.925	+	20.272 )	/ 2 )
	=	-2.66	/	82.0985
	=	-3.24 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Aries I Acquisition (NAS:RAMMW) 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.

Aries I Acquisition ROCE % Related Terms

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Aries I Acquisition (Aries I Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aries I Acquisition Corp (NAS:RAMMW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

90 N. Church Street, P.O. Box 10315, Grand Cayman, CYM, KY-1003

Website

https://www.ariescorp.io

Aries I Acquisition Corp is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.