Stable Road Acquisition (Stable Road Acquisition) ROCE % : -2.29% (As of Jun. 2021)

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What is Stable Road 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. Stable Road Acquisition's annualized ROCE % for the quarter that ended in Jun. 2021 was -2.29%.

Stable Road Acquisition ROCE % Historical Data

The historical data trend for Stable Road 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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Stable Road Acquisition ROCE % Chart

Stable Road Acquisition Annual Data

Trend

Dec19

Dec20

ROCE %

-2.16

Stable Road Acquisition Semi-Annual Data
	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial			-0.18	-0.13	-1.70	-1.75	-2.29

Stable Road Acquisition ROCE % Calculation

Stable Road Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-3.721	/	( ( (174.208 - 0.195)	+	(173.733 - 2.486) )	/ 2 )
	=	-3.721	/	( (174.013	+	171.247)	/ 2 )
	=	-3.721	/	172.63
	=	-2.16 %

Stable Road Acquisition's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-3.793	/	( ( (173.724 - 5.43)	+	(173.131 - 9.824) )	/ 2 )
	=	-3.793	/	( ( 168.294	+	163.307 )	/ 2 )
	=	-3.793	/	165.8005
	=	-2.29 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2021) EBIT data.

Stable Road Acquisition (NAS:SRACW) 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.

Stable Road Acquisition ROCE % Related Terms

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