Simon Property Group Acquisition Holdings (Simon Property Group Acquisition Holdings) ROCE % : -0.29% (As of Sep. 2022)

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What is Simon Property Group Acquisition Holdings 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. Simon Property Group Acquisition Holdings's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.29%.

Simon Property Group Acquisition Holdings ROCE % Historical Data

The historical data trend for Simon Property Group Acquisition Holdings'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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Simon Property Group Acquisition Holdings ROCE % Chart

Simon Property Group Acquisition Holdings Annual Data

Trend

Dec20

Dec21

ROCE %

-1.03

Simon Property Group Acquisition Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-1.23	-0.43	-0.32	-0.33	-0.29

Simon Property Group Acquisition Holdings ROCE % Calculation

Simon Property Group Acquisition Holdings'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 )
	=	-1.776	/	( ( (0.075 - 0.051)	+	(345.885 - 0.412) )	/ 2 )
	=	-1.776	/	( (0.024	+	345.473)	/ 2 )
	=	-1.776	/	172.7485
	=	-1.03 %

Simon Property Group Acquisition Holdings'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 )
	=	-0.996	/	( ( (346.202 - 0.217)	+	(347.419 - 0.44) )	/ 2 )
	=	-0.996	/	( ( 345.985	+	346.979 )	/ 2 )
	=	-0.996	/	346.482
	=	-0.29 %

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

Simon Property Group Acquisition Holdings (OTCPK:SPGSW) 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.

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Simon Property Group Acquisition Holdings (Simon Property Group Acquisition Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Simon Property Group Acquisition Holdings Inc (OTCPK:SPGSW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 West Washington Street, Indianapolis, IN, USA, 46204

Website

https://www.simonacquisitionholdings.com

Simon Property Group Acquisition Holdings Inc is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses.

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