Horizon Space Acquisition I (Horizon Space Acquisition I) ROCE % : -0.33% (As of Dec. 2023)

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What is Horizon Space Acquisition I 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. Horizon Space Acquisition I's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.33%.

Horizon Space Acquisition I ROCE % Historical Data

The historical data trend for Horizon Space Acquisition I'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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Horizon Space Acquisition I ROCE % Chart

Horizon Space Acquisition I Annual Data

Trend

Dec22

Dec23

ROCE %

-0.81

Horizon Space Acquisition I Semi-Annual Data
	Aug22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-0.19	-0.16	-0.09	-0.20	-0.33

Horizon Space Acquisition I ROCE % Calculation

Horizon Space Acquisition I'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 )
	=	-0.56	/	( ( (70.926 - 0.035)	+	(68.246 - 0.414) )	/ 2 )
	=	-0.56	/	( (70.891	+	67.832)	/ 2 )
	=	-0.56	/	69.3615
	=	-0.81 %

Horizon Space Acquisition I'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 )
	=	-0.233	/	( ( (73.221 - 0.125)	+	(68.246 - 0.414) )	/ 2 )
	=	-0.233	/	( ( 73.096	+	67.832 )	/ 2 )
	=	-0.233	/	70.464
	=	-0.33 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Horizon Space Acquisition I (NAS:HSPOW) 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.

Horizon Space Acquisition I ROCE % Related Terms

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Horizon Space Acquisition I (Horizon Space Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Horizon Space Acquisition I Corp (NAS:HSPOW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HSPO:USA

Address

1412 Broadway, 21st Floor, Suite 21V, New York, NY, USA, 10018

Website

Horizon Space Acquisition I Corp is a blank check company.

Horizon Space Acquisition I (Horizon Space Acquisition I) Headlines

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Horizon Space Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants, and Rights, Commencing on January 26, 2023

By ACCESSWIRE ACCESSWIRE • 01-24-2023

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By ACCESSWIRE ACCESSWIRE • 12-28-2022