Science Strategic Acquisition Alpha (Science Strategic Acquisition Alpha) ROCE % : -0.32% (As of Sep. 2022)

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What is Science Strategic Acquisition Alpha 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. Science Strategic Acquisition Alpha's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.32%.

Science Strategic Acquisition Alpha ROCE % Historical Data

The historical data trend for Science Strategic Acquisition Alpha'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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Science Strategic Acquisition Alpha ROCE % Chart

Science Strategic Acquisition Alpha Annual Data

Trend

Dec20

Dec21

ROCE %

-1.90

Science Strategic Acquisition Alpha Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-0.91	-1.95	-0.41	-0.44	-0.32

Science Strategic Acquisition Alpha ROCE % Calculation

Science Strategic Acquisition Alpha'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 )
	=	-2.947	/	( ( (0.204 - 0.184)	+	(311.256 - 1.636) )	/ 2 )
	=	-2.947	/	( (0.02	+	309.62)	/ 2 )
	=	-2.947	/	154.82
	=	-1.90 %

Science Strategic Acquisition Alpha'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	/	( ( (311.531 - 2.334)	+	(312.401 - 2.714) )	/ 2 )
	=	-0.996	/	( ( 309.197	+	309.687 )	/ 2 )
	=	-0.996	/	309.442
	=	-0.32 %

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

Science Strategic Acquisition Alpha (NAS:SSAAW) 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.

Science Strategic Acquisition Alpha ROCE % Related Terms

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Science Strategic Acquisition Alpha (Science Strategic Acquisition Alpha) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Science Strategic Acquisition Corp Alpha (NAS:SSAAW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1447 2nd Street, Suite 200, Santa Monica, CA, USA, 90401

Website

https://www.science-inc.com

Science Strategic Acquisition Corp Alpha is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Science Strategic Acquisition Alpha (Science Strategic Acquisition Alpha) Headlines

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