Mirae Asset Vision Special Purpose Acquisition 6 Co (XKRX:478440) ROCE % : 2.94% (As of Sep. 2024)

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What is Mirae Asset Vision Special Purpose Acquisition 6 Co 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. Mirae Asset Vision Special Purpose Acquisition 6 Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.94%.

Mirae Asset Vision Special Purpose Acquisition 6 Co ROCE % Historical Data

The historical data trend for Mirae Asset Vision Special Purpose Acquisition 6 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.

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Mirae Asset Vision Special Purpose Acquisition 6 Co ROCE % Chart

Mirae Asset Vision Special Purpose Acquisition 6 Co Annual Data

Trend

ROCE %

Mirae Asset Vision Special Purpose Acquisition 6 Co Quarterly Data
	Mar24	Jun24	Sep24
ROCE %	-1.04	0.09	2.94

Mirae Asset Vision Special Purpose Acquisition 6 Co ROCE % Calculation

Mirae Asset Vision Special Purpose Acquisition 6 Co's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Mirae Asset Vision Special Purpose Acquisition 6 Co'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 )
	=	465.836	/	( ( (15803.159 - 5.899)	+	(15897.729 - 0) )	/ 2 )
	=	465.836	/	( ( 15797.26	+	15897.729 )	/ 2 )
	=	465.836	/	15847.4945
	=	2.94 %

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

Mirae Asset Vision Special Purpose Acquisition 6 Co (XKRX:478440) 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.

Mirae Asset Vision Special Purpose Acquisition 6 Co ROCE % Related Terms

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Mirae Asset Vision Special Purpose Acquisition 6 Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mirae Asset Vision Special Purpose Acquisition 6 Co (XKRX:478440) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

26 Eulji-ro 5-gil, Jung-gu, Mirae Asset Center One East Building, Seoul, KOR

Website

Mirae Asset Vision Special Purpose Acquisition 6 Co is a Special Purpose Acquisition Company whose sole business purpose is to merge with another company after being listed on Kosdaq stock exchange.

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