First Tidal Acquisition (TSXV:AAA.P) ROCE % : -7.16% (As of Nov. 2023)

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What is First Tidal 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. First Tidal Acquisition's annualized ROCE % for the quarter that ended in Nov. 2023 was -7.16%.

First Tidal Acquisition ROCE % Historical Data

The historical data trend for First Tidal 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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First Tidal Acquisition ROCE % Chart

First Tidal Acquisition Annual Data

Trend

Feb21

Feb22

Feb23

ROCE %

-32.40

-14.49

First Tidal Acquisition Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial						-4.18	-23.82	-11.33	-10.50	-7.16

First Tidal Acquisition ROCE % Calculation

First Tidal Acquisition's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.056	/	( ( (0.454 - 0.039)	+	(0.377 - 0.019) )	/ 2 )
	=	-0.056	/	( (0.415	+	0.358)	/ 2 )
	=	-0.056	/	0.3865
	=	-14.49 %

First Tidal Acquisition's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.024	/	( ( (0.345 - 0.007)	+	(0.335 - 0.003) )	/ 2 )
	=	-0.024	/	( ( 0.338	+	0.332 )	/ 2 )
	=	-0.024	/	0.335
	=	-7.16 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

First Tidal Acquisition (TSXV:AAA.P) 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.

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First Tidal Acquisition (TSXV:AAA.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Tidal Acquisition Corp (TSXV:AAA.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1

Website

First Tidal Acquisition Corp is a capital pool company.

First Tidal Acquisition (TSXV:AAA.P) Headlines

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