UTA Acquisition (UTA Acquisition) ROCE % : -0.52% (As of Jun. 2023)

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What is UTA 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. UTA Acquisition's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.52%.

UTA Acquisition ROCE % Historical Data

The historical data trend for UTA 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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UTA Acquisition ROCE % Chart

UTA Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-0.55

UTA Acquisition Quarterly Data
	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial			-0.48	-0.49	-0.60	-0.92	-0.52

UTA Acquisition ROCE % Calculation

UTA Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.281	/	( ( (236.169 - 0.367)	+	(238.698 - 8.838) )	/ 2 )
	=	-1.281	/	( (235.802	+	229.86)	/ 2 )
	=	-1.281	/	232.831
	=	-0.55 %

UTA Acquisition's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-1.204	/	( ( (241.021 - 9.166)	+	(243.716 - 9.295) )	/ 2 )
	=	-1.204	/	( ( 231.855	+	234.421 )	/ 2 )
	=	-1.204	/	233.138
	=	-0.52 %

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

UTA Acquisition (NAS:UTAAU) 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.

UTA Acquisition ROCE % Related Terms

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UTA Acquisition (UTA Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 5th Avenue, 7th Floor, New York, NY, USA, 10010

Website

https://investors.utaacorp.com

UTA Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

UTA Acquisition (UTA Acquisition) Headlines

From GuruFocus

UTA Acquisition Corporation Announces Closing of $230 Million Initial Public Offering

By Business Wire Business Wire • 12-06-2021

UTA Acquisition Corporation Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing January 24, 2022

By Business Wire Business Wire • 01-20-2022