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Aetherium Acquisition (Aetherium Acquisition) ROCE % : -8.70% (As of Dec. 2023)


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What is Aetherium 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. Aetherium Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.70%.

Aetherium Acquisition ROCE % Historical Data

The historical data trend for Aetherium 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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Aetherium Acquisition ROCE % Chart

Aetherium Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
- -2.84 -1.59

Aetherium Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.50 -1.68 -1.37 -2.67 -8.70

Aetherium Acquisition ROCE % Calculation

Aetherium Acquisition'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 )
=-1.095/( ( (117.915 - 4.992) + (32.931 - 8.516) )/ 2 )
=-1.095/( (112.923+24.415)/ 2 )
=-1.095/68.669
=-1.59 %

Aetherium Acquisition'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 )
=-2.188/( ( (32.208 - 6.313) + (32.931 - 8.516) )/ 2 )
=-2.188/( ( 25.895 + 24.415 )/ 2 )
=-2.188/25.155
=-8.70 %

(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.

Aetherium Acquisition  (NAS:GMFI) 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.

Aetherium Acquisition ROCE % Related Terms

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Aetherium Acquisition (Aetherium Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Aetherium Acquisition Corp (NAS:GMFI) » Definitions » ROCE %
Comparable Companies
FHLT MAQC EFHT PBAX BWAQ FORL NVAC OXUS KVSA TRON PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
79B Pemberwick Road, Greenwich, CT, USA, 06831
Website
https://www.aetheriumcorp.com
Aetherium Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.
Executives
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Alex Benjamin Lee officer: Chief Financial Officer 109 BEVERLY ST., MOUNTAIN VIEW CA 94043
Aetherium Capital Holdings Llc 10 percent owner 109 BEVERLY ST., MOUNTAIN VIEW CA 94043
Jonathan Vincent Chan director, 10 percent owner, officer: Chief Executive Officer 109 BEVERLY ST, MOUNTAIN VIEW CA 94043
Mariana Kou director 79B PEMBERWICK RD, GREENWICH CT 06831
Charles Abelmann director 79B PEMBERWICK RD, GREENWICH CT 06831
Lim How Teck director 79B PEMBERWICK RD, GREENWICH CT 06831