Apolo IV Acquisition (TSXV:AIV.P) ROCE % : -14.70% (As of Sep. 2024)

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What is Apolo IV 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. Apolo IV Acquisition's annualized ROCE % for the quarter that ended in Sep. 2024 was -14.70%.

Apolo IV Acquisition ROCE % Historical Data

The historical data trend for Apolo IV 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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Apolo IV Acquisition ROCE % Chart

Apolo IV Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-19.88

-4.05

-8.36

Apolo IV Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										-14.29	-12.36	-2.26	-1.12	-14.70

Apolo IV Acquisition ROCE % Calculation

Apolo IV 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 )
	=	-0.09	/	( ( (1.119 - 0.023)	+	(1.075 - 0.017) )	/ 2 )
	=	-0.09	/	( (1.096	+	1.058)	/ 2 )
	=	-0.09	/	1.077
	=	-8.36 %

Apolo IV 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 )
	=	-0.156	/	( ( (1.091 - 0.015)	+	(1.062 - 0.015) )	/ 2 )
	=	-0.156	/	( ( 1.076	+	1.047 )	/ 2 )
	=	-0.156	/	1.0615
	=	-14.70 %

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

Apolo IV Acquisition (TSXV:AIV.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.

Apolo IV Acquisition ROCE % Related Terms

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Apolo IV Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Apolo IV Acquisition Corp (TSXV:AIV.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 King Street West, Suite 2100, Toronto, ON, CAN, M5H 3C2

Website

Apolo IV Acquisition Corp is a capital pool company.

Apolo IV Acquisition Headlines

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