Aster Acquisition (TSXV:ATR.P) ROCE % : -32.73% (As of Nov. 2023)

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What is Aster 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. Aster Acquisition's annualized ROCE % for the quarter that ended in Nov. 2023 was -32.73%.

Aster Acquisition ROCE % Historical Data

The historical data trend for Aster 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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Aster Acquisition ROCE % Chart

Aster Acquisition Annual Data

Trend

Nov21

Nov22

Nov23

ROCE %

-12.58

-50.00

-24.17

Aster Acquisition Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial						-18.87	-24.52	-26.12	-12.02	-32.73

Aster Acquisition ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.058	/	( ( (0.279 - 0.01)	+	(0.222 - 0.011) )	/ 2 )
	=	-0.058	/	( (0.269	+	0.211)	/ 2 )
	=	-0.058	/	0.24
	=	-24.17 %

Aster 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 )
	=	-0.072	/	( ( (0.231 - 0.002)	+	(0.222 - 0.011) )	/ 2 )
	=	-0.072	/	( ( 0.229	+	0.211 )	/ 2 )
	=	-0.072	/	0.22
	=	-32.73 %

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

Aster Acquisition (TSXV:ATR.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.

Aster Acquisition ROCE % Related Terms

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Aster Acquisition (TSXV:ATR.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aster Acquisition Corp (TSXV:ATR.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6647 Fraser Street, Suite 478, Vancouver, BC, CAN, V5X 0K3

Website

Aster Acquisition Corp operates as a capital pool company.

Aster Acquisition (TSXV:ATR.P) Headlines

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