TMTC (TMT Acquisition) ROCE % : -2.31% (As of Sep. 2024)

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What is TMT 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. TMT Acquisition's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.31%.

TMT Acquisition ROCE % Historical Data

The historical data trend for TMT 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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TMT Acquisition ROCE % Chart

TMT Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-6.67

-2.19

TMT Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial								-0.76	-2.17	-2.19	-1.82	-2.31

TMT Acquisition ROCE % Calculation

TMT Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.691	/	( ( (0.498 - 0.483)	+	(63.567 - 0.409) )	/ 2 )
	=	-0.691	/	( (0.015	+	63.158)	/ 2 )
	=	-0.691	/	31.5865
	=	-2.19 %

TMT Acquisition's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.48	/	( ( (65.539 - 1.623)	+	(67.193 - 2.783) )	/ 2 )
	=	-1.48	/	( ( 63.916	+	64.41 )	/ 2 )
	=	-1.48	/	64.163
	=	-2.31 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

TMT Acquisition (NAS:TMTC) 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.

TMT Acquisition ROCE % Related Terms

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TMT Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TMT Acquisition Corp (NAS:TMTC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

420 Lexington Avenue, Suite 2446, New York, NY, USA, 10170

Website

TMT Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

2tm Holding Lp	10 percent owner	500 FIFTH AVENUE, SUITE 938, NEW YORK NY 10110
Christopher Constable	director	3000 NW 109TH AVE, MIAMI FL 33172
Dajiang Guo	director, officer: Chief Executive Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
Jichuan Yang	officer: Chief Financial Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
James Edward Burns	director	3322 DESERT INN, MONTGOMERY TX 77356
Kenan Gong	director	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110