Trident Acquisitions (Trident Acquisitions) ROCE % : -1.26% (As of Jun. 2021)

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What is Trident Acquisitions 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. Trident Acquisitions's annualized ROCE % for the quarter that ended in Jun. 2021 was -1.26%.

Trident Acquisitions ROCE % Historical Data

The historical data trend for Trident Acquisitions'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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Trident Acquisitions ROCE % Chart

Trident Acquisitions Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

-0.67

-0.78

-2.09

Trident Acquisitions Semi-Annual Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial												-0.48	-0.85	-0.43	-1.19	-1.26

Trident Acquisitions ROCE % Calculation

Trident Acquisitions'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 )
	=	-1.386	/	( ( (74.536 - 1.019)	+	(64.661 - 5.401) )	/ 2 )
	=	-1.386	/	( (73.517	+	59.26)	/ 2 )
	=	-1.386	/	66.3885
	=	-2.09 %

Trident Acquisitions'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 )
	=	-0.735	/	( ( (63.854 - 5.247)	+	(63.846 - 5.895) )	/ 2 )
	=	-0.735	/	( ( 58.607	+	57.951 )	/ 2 )
	=	-0.735	/	58.279
	=	-1.26 %

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

Trident Acquisitions (NAS:TDACW) 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.

Trident Acquisitions ROCE % Related Terms

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Trident Acquisitions (Trident Acquisitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trident Acquisitions Corp (NAS:TDACW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Water Street, Floor 8, New York, NY, USA, 10005

Website

https://www.tridentacquisitions.com

Trident Acquisitions Corp is a blank check company. The firm intends to focus its search on target businesses operating in oil and gas or other natural resources companies in Eastern Europe.