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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. Roth CH Acquisition Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.29%.
The historical data trend for Roth CH Acquisition Co'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.
Roth CH Acquisition Co Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
ROCE % | - | 4.76 | 2.09 |
Roth CH Acquisition Co Quarterly Data | |||||||||||||
Apr21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
ROCE % | Get a 7-Day Free Trial | -8.07 | -8.33 | 123.12 | -4.85 | -7.29 |
Roth CH Acquisition Co'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 ) | |||||
= | 2.712 | / | ( ( (238.448 - 1.66) | + | (23.531 - 1.343) ) | / 2 ) | |
= | 2.712 | / | ( (236.788 | + | 22.188) | / 2 ) | |
= | 2.712 | / | 129.488 | ||||
= | 2.09 % |
Roth CH Acquisition Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | -0.744 | / | ( ( (23.974 - 1.75) | + | (0.092 - 1.918) ) | / 2 ) | |
= | -0.744 | / | ( ( 22.224 | + | -1.826 ) | / 2 ) | |
= | -0.744 | / | 10.199 | ||||
= | -7.29 % |
(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.
* 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.
Roth CH Acquisition Co (OTCPK:USCTF) 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.
Thank you for viewing the detailed overview of Roth CH Acquisition Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Saba Capital Management, L.p. | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
Boaz Weinstein | 10 percent owner | 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174 |
William Zerella | director | C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105 |
Frank H Levinson | director | 3736 FALLON ROAD #428, DUBLIN CA 94568 |
Ryan Ohara | director | 6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028 |
Angela Blatteis | director, 10 percent owner, officer: Co-CEO and CFO | 7 BEVERLY PARK, BEVERLY HILLS CA 90210 |
Philippe Tartavull | director, 10 percent owner, officer: Executive Chairman | 2851 WEST KATHLEEN ROAD, PHOENIX AZ 85053 |
Tkb Sponsor I, Llc | 10 percent owner | 400 CONTINENTAL BLVD, SUITE 600, EL SEGUNDO CA 90245 |
Michael Herson | director | 400 CONTINENTAL BLVD, SUITE 600, EL SEGUNDO CA 90245 |
Greg M Klein | director, 10 percent owner, officer: Co-Chief Executive Officer | 400 CONTINENTAL BLVD, SUITE 600, EL SEGUNDO CA 90245 |
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