InterPrivate III Financial Partners (InterPrivate III Financial Partners) ROCE % : -55.50% (As of Sep. 2023)

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What is InterPrivate III Financial Partners 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. InterPrivate III Financial Partners's annualized ROCE % for the quarter that ended in Sep. 2023 was -55.50%.

InterPrivate III Financial Partners ROCE % Historical Data

The historical data trend for InterPrivate III Financial Partners'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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InterPrivate III Financial Partners ROCE % Chart

InterPrivate III Financial Partners Annual Data

Trend

Dec21

Dec22

ROCE %

-0.40

-2.30

InterPrivate III Financial Partners Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-1.33	-1.92	-17.50	-23.85	-55.50

InterPrivate III Financial Partners ROCE % Calculation

InterPrivate III Financial Partners's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.271	/	( ( (260.594 - 1.667)	+	(37.341 - 11.96) )	/ 2 )
	=	-3.271	/	( (258.927	+	25.381)	/ 2 )
	=	-3.271	/	142.154
	=	-2.30 %

InterPrivate III Financial Partners'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 )
	=	-4.072	/	( ( (7.881 - 0.437)	+	(8.159 - 0.928) )	/ 2 )
	=	-4.072	/	( ( 7.444	+	7.231 )	/ 2 )
	=	-4.072	/	7.3375
	=	-55.50 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

InterPrivate III Financial Partners (AMEX:IPVF.U) 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.

InterPrivate III Financial Partners ROCE % Related Terms

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InterPrivate III Financial Partners (InterPrivate III Financial Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » InterPrivate III Financial Partners Inc (AMEX:IPVF.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1350 Avenue of the Americas, 2nd Floor, New York, NY, USA, 10019

Website

https://www.ipvspac.com

InterPrivate III Financial Partners Inc is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses.

Executives

Richard A Mcginn	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
John B Mccoy	director	208 S. AKARD ST., --, DALLAS TX 75202
Howard H Newman	director	C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165
Ahmed M Fattouh	10 percent owner, officer: Chairman and CEO	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Brandon C Bentley	officer: General Counsel	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Minesh K Patel	officer: Vice President	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Sunil Aruna Kappagoda	director, officer: Vice Chairman	88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Interprivate Acquisition Management Iii, Llc	10 percent owner, other: Director by Deputization	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Nicholaos Krenteras	director, officer: President	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Gordy Holterman	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019