Tuscan Holdings II (Tuscan Holdings II) ROCE % : -6.25% (As of Sep. 2022)

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What is Tuscan Holdings II 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. Tuscan Holdings II's annualized ROCE % for the quarter that ended in Sep. 2022 was -6.25%.

Tuscan Holdings II ROCE % Historical Data

The historical data trend for Tuscan Holdings 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.

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Tuscan Holdings II ROCE % Chart

Tuscan Holdings II Annual Data

Trend

Dec19

Dec20

Dec21

ROCE %

-0.35

-0.82

Tuscan Holdings II Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial										-0.65	-1.44	-1.80	-6.21	-6.25

Tuscan Holdings II ROCE % Calculation

Tuscan Holdings 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 )
	=	-1.093	/	( ( (175.115 - 0.296)	+	(127.693 - 34.392) )	/ 2 )
	=	-1.093	/	( (174.819	+	93.301)	/ 2 )
	=	-1.093	/	134.06
	=	-0.82 %

Tuscan Holdings 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 )
	=	-1.512	/	( ( (27.425 - 3.114)	+	(27.44 - 3.385) )	/ 2 )
	=	-1.512	/	( ( 24.311	+	24.055 )	/ 2 )
	=	-1.512	/	24.183
	=	-6.25 %

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

Tuscan Holdings II (OTCPK:THCA) 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.

Tuscan Holdings II ROCE % Related Terms

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Tuscan Holdings II (Tuscan Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tuscan Holdings Corp II (OTCPK:THCA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 E. 57th Street, 17th Floor, New York, NY, USA, 10022

Website

Tuscan Holdings Corp II is a blank check company.

Executives

Michael Auerbach	director	158 HESTER STREET, APT 7F, NEW YORK NY 10013
Stephen A Vogel	director, 10 percent owner, officer: Chief Executive Officer	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Richard O. Rieger	officer: Chief Financial Officer	C/O TUSCAN HOLDINGS CORP., 135 E. 57TH ST., 18TH FLOOR, NEW YORK NY 10022
David H Dickstein	director	C/O TUSCAN HOLDINGS CORP. II, 135 E 57TH ST 17TH FL, NEW YORK NY 10022