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International Media Acquisition (International Media Acquisition) ROCE % : -14.17% (As of Sep. 2023)


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What is International Media 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. International Media Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -14.17%.

International Media Acquisition ROCE % Historical Data

The historical data trend for International Media 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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International Media Acquisition ROCE % Chart

International Media Acquisition Annual Data
Trend Dec21 Mar22 Mar23
ROCE %
-0.91 - -1.81

International Media Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1.98 -13.99 -7.97 -1.86 -14.17

International Media Acquisition ROCE % Calculation

International Media Acquisition's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=-2.236/( ( (230.33 - 0.689) + (21.031 - 3.726) )/ 2 )
=-2.236/( (229.641+17.305)/ 2 )
=-2.236/123.473
=-1.81 %

International Media Acquisition's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=-2.42/( ( (21.605 - 3.987) + (21.38 - 4.845) )/ 2 )
=-2.42/( ( 17.618 + 16.535 )/ 2 )
=-2.42/17.0765
=-14.17 %

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

International Media Acquisition  (NAS:IMAQ) 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.

International Media Acquisition ROCE % Related Terms

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International Media Acquisition (International Media Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » International Media Acquisition Corp (NAS:IMAQ) » Definitions » ROCE %
Comparable Companies
VII MSSA FSRX ATMC PMGM LATG ADEX CNGL ATMV TENK PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1604 US Highway 130, North Brunswick, NJ, USA, 08902
Website
https://www.imac.org.in/home/default.aspx
International Media Acquisition Corp is a blank check company.
Executives
Klaas P. Baks director C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309
Pelosi Paul Francis Jr director 2269 CHESTNUT STREET, SAN FRANCISCO CA 94123
Gregory R. Silverman director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
David M. Taghioff director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Suresh Ramamurthi director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Shibasish Sarkar director, 10 percent owner, officer: Chief Executive Officer 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Vishwas Joshi officer: Chief Financial Officer 1604 HWY 130, NORTH BRUNSWICK NY 08902
Sanjay Wadhwa director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Deepak Nayar director 1604 HWY 130, NORTH BRUNSWICK NJ 08902
Content Creation Media Llc 10 percent owner 1604 HWY 130, NORTH BRUNSWICK NJ 08902