SCOBW (ScION Tech Growth II) ROCE %: -0.22% (As of Sep. 2022)

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SCOBW ScION Tech Growth II SCOBW
22 GF Score
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! 2 Warning Signs
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What is ScION Tech Growth II ROCE %?

ScION Tech Growth II SCOBW 22 ROCE % is -0.22% as of Sep. 2022. GuruFocus rates SCOBW with a GF Score™ of 22/100. The stock has 2 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. ScION Tech Growth II's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.22%.

ScION Tech Growth II  (NAS:SCOBW) 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.

ScION Tech Growth II ROCE % Related Terms

ScION Tech Growth II ROCE % Historical Data

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The historical data trend for ScION Tech Growth II'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.

ScION Tech Growth II ROCE % Chart

ScION Tech Growth II Annual Data
Trend Dec20 Dec21
ROCE %
0.00 -0.48

ScION Tech Growth II Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROCE % Get a 7-Day Free Trial -0.20 -0.38 -0.26 -0.28 -0.22
SCOBW
22GF Score
ScION Tech Growth II SCOBW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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ScION Tech Growth II ROCE % Calculation

ScION Tech Growth II'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: Dec. 2020 )(A: Dec. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=-0.831/( ( (0.057 - 0.035) + (346.388 - 0.295) )/ 2 )
=-0.831/( (0.022+346.093)/ 2 )
=-0.831/173.0575
=-0.48 %

ScION Tech Growth II'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 )
=-0.764/( ( (346.512 - 0.376) + (348.182 - 0.351) )/ 2 )
=-0.764/( ( 346.136 + 347.831 )/ 2 )
=-0.764/346.9835
=-0.22 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) 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 -0.22% mean?
ScION Tech Growth II (SCOBW) has a ROCE % of -0.22% as of Sep. 2022.
Is ScION Tech Growth II's ROCE % too high?
ScION Tech Growth II's current ROCE % is -0.22%. Overall, ScION Tech Growth II has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does ScION Tech Growth II's ROCE % compare to SLCR and JCIC?
ScION Tech Growth II's ROCE % of -0.22% 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. ScION Tech Growth II's current ROCE % is -0.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ScION Tech Growth II stock overvalued right now?
ScION Tech Growth II (SCOBW) has a current ROCE % of -0.22%. The current ROCE % is -0.22%. ScION Tech Growth II's overall GF Score™ is 22/100 with 2 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 ScION Tech Growth II (SCOBW), the current ROCE % is -0.22% as of Sep. 2022. 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.

ScION Tech Growth II Business Description

Address 10 Queen Street Place, 2nd Floor, London, GBR, EC4R 1BE
ScION Tech Growth II is a blank check company.
22GF 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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