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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. Golden Arrow Merger's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.45%.
The historical data trend for Golden Arrow Merger'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.
Golden Arrow Merger Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
ROCE % | -0.36 | -0.46 | -1.45 |
Golden Arrow Merger Quarterly Data | ||||||||||||
Jan21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -0.59 | -1.46 | -4.11 | -18.31 | -16.45 |
Golden Arrow Merger'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 ) | |||||
= | -2.104 | / | ( ( (291.068 - 0.587) | + | (6.677 - 6.522) ) | / 2 ) | |
= | -2.104 | / | ( (290.481 | + | 0.155) | / 2 ) | |
= | -2.104 | / | 145.318 | ||||
= | -1.45 % |
Golden Arrow Merger's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -1.624 | / | ( ( (22.444 - 2.849) | + | (6.677 - 6.522) ) | / 2 ) | |
= | -1.624 | / | ( ( 19.595 | + | 0.155 ) | / 2 ) | |
= | -1.624 | / | 9.875 | ||||
= | -16.45 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.
Golden Arrow Merger (NAS:GAMCU) 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 Golden Arrow Merger's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lloyd H Dean | director | 185 BERRY STREET, SUITE 300, SAN FRANCISCO CA 94107 |
Steven M Klosk | director | C/O CAMBREX CORP, ONE MEADOWLANDS PLZ, EAST RUTHERFORD NJ 07073 |
Brett H Barth | director | COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022 |
Andrew Rechtschaffen | director, 10 percent owner | C/O OBREM CAPITAL MANAGEMENT, LLC, 733 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10017 |
Jack Hidary | director | 3 PARK AVENUE, NEW YORK NY 10016 |
Timothy C Babich | 10 percent owner, officer: CEO & CFO | 1901 N ROSELLE RD., SUITE 55, SCHAUMBURG IL 60195 |
Lance L. Hirt | director, 10 percent owner | LINDSAY GOLDBERG, 630 FIFTH AVENUE, 39TH FLOOR, NEW YORK NY 10111 |
Jacob Doft | director, 10 percent owner | C/O GOLDEN ARROW MERGER CORP., 10 E. 53RD STREET, 13TH FLOOR, NEW YORK NY 10022 |
Golden Arrow Sponsor, Llc | 10 percent owner | 10 E. 53RD STREET, 13TH FLOOR, NEW YORK NY 10022 |
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