Tenzing Acquisition (Tenzing Acquisition) ROCE % : -6.22% (As of Aug. 2020)

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What is Tenzing 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. Tenzing Acquisition's annualized ROCE % for the quarter that ended in Aug. 2020 was -6.22%.

Tenzing Acquisition ROCE % Historical Data

The historical data trend for Tenzing 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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Tenzing Acquisition ROCE % Chart

Tenzing Acquisition Annual Data

Trend

Feb19

Feb20

ROCE %

-0.23

-1.15

Tenzing Acquisition Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20
ROCE %	Get a 7-Day Free Trial					-0.57	-1.00	-2.47	-2.24	-6.22

Tenzing Acquisition ROCE % Calculation

Tenzing Acquisition's annualized ROCE % for the fiscal year that ended in Feb. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2020 )		(A: Feb. 2019 )		(A: Feb. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2020 )		(A: Feb. 2019 )		(A: Feb. 2020 )
	=	-0.725	/	( ( (65.646 - 0.023)	+	(61.022 - 0.3) )	/ 2 )
	=	-0.725	/	( (65.623	+	60.722)	/ 2 )
	=	-0.725	/	63.1725
	=	-1.15 %

Tenzing Acquisition's ROCE % of for the quarter that ended in Aug. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2020 )		(Q: May. 2020 )		(Q: Aug. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2020 )		(Q: May. 2020 )		(Q: Aug. 2020 )
	=	-2.104	/	( ( (34.459 - 0.501)	+	(34.478 - 0.736) )	/ 2 )
	=	-2.104	/	( ( 33.958	+	33.742 )	/ 2 )
	=	-2.104	/	33.85
	=	-6.22 %

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2020) EBIT data.

Tenzing Acquisition (NAS:TZACU) 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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Tenzing Acquisition (Tenzing Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

250 West 55th Street, New York, NY, USA, 10019

Website

Tenzing Acquisition Corp is a blank check company formed to acquire, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, exchangeable share transaction or other similar business transaction with one or more operating businesses or assets that have not yet identified.

Executives

Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Mizuho Securities Usa Llc	10 percent owner	1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020
Parag Saxena	director, 10 percent owner, officer: Chairman of the Board	250 WEST 55TH STREET, SUITE 13D, NEW YORK NY 10019
Rahul Nayar	director, 10 percent owner, officer: Chief Executive Officer	250 WEST 55TH STREET, NEW YORK NY 10019
Tenzing Llc	10 percent owner	250 WEST 55TH STREET, NEW YORK NY 10019
Hudson Bay Capital Management Lp	10 percent owner	28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
Sander Gerber	10 percent owner	C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830
William I Campbell	director	270 PARK AVENUE, NEW YORK NY 10017
Nina B. Shapiro	director	2201 WALNUT AVENUE, SUITE 100, FREMONT CA 94538
Vikas Thapar	director	284 BOULEVARD SAINT GERMAIN, PARIS I0 75007
Atanuu Agarrwal	officer: Vice President	250 WEST 55TH STREET, NEW YORK NY 10019
Gonzalo Cordova	officer: Chief Financial Officer	250 WEST 55TH STREET, NEW YORK NY 10019