Plum Acquisition I (Plum Acquisition I) ROCE % : -54.87% (As of Mar. 2024)

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What is Plum 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. Plum Acquisition I's annualized ROCE % for the quarter that ended in Mar. 2024 was -54.87%.

Plum Acquisition I ROCE % Historical Data

The historical data trend for Plum 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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Plum Acquisition I ROCE % Chart

Plum Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-1.09

3.31

0.42

Plum Acquisition I Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-0.85	43.22	-22.73	-30.88	-54.87

Plum Acquisition I ROCE % Calculation

Plum 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 )
	=	0.725	/	( ( (324.042 - 3.876)	+	(35.702 - 7.736) )	/ 2 )
	=	0.725	/	( (320.166	+	27.966)	/ 2 )
	=	0.725	/	174.066
	=	0.42 %

Plum Acquisition I's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-15.16	/	( ( (35.702 - 7.736)	+	(36.242 - 8.952) )	/ 2 )
	=	-15.16	/	( ( 27.966	+	27.29 )	/ 2 )
	=	-15.16	/	27.628
	=	-54.87 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Plum Acquisition I (NAS:PLMIU) 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.

Plum Acquisition I ROCE % Related Terms

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Plum Acquisition I (Plum Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Plum Acquisition Corp I (NAS:PLMIU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLMI:USA

Address

2021 Fillmore Street, Suite 2089, San Francisco, CA, USA, 94115

Website

https://www.plumpartners.com

Plum Acquisition Corp I is a blank check company.

Executives

Brian Kevin Turner	director	C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
Ursula M Burns	director, 10 percent owner, officer: Executive Chairwoman	200 SE MIZNER BLVD, UNIT 703, BOCA RATON FL 33432
Jennifer Ceran	director	C/O QUOTIENT TECHNOLOGY INC., 400 LOGUE AVE, MOUNTAIN VIEW CA 94043
Lane Bess	director	C/O ZSCALER INC, 110 ROSE ORCHARD WAY, SAN JOSE CA 95134
Kelly Wright	director	C/O TABLEAU SOFTWARE, INC., 837 NORTH 34TH ST., SUITE 200, SEATTLE WA 98103
Alok Sama	director	C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Plum Partners, Llc	director, 10 percent owner	2021 FILLMORE STREET, SUITE 2089, SAN FRANCISCO CA 94115
Mike John Dinsdale	director, 10 percent owner, officer: See Remarks	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Kanishka Roy	director, 10 percent owner, officer: President	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Vinodka Murria	director	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610
Clay Whitehead	director, 10 percent owner, officer: Chief Executive Officer	C/O PLUM ACQUISITION CORP. I, 339 SEAVIEW AVE, PIEDMONT CA 94610

Plum Acquisition I (Plum Acquisition I) Headlines

From GuruFocus

GLAZER CAPITAL, LLC Acquires Stake in Plum Acquisition Corp I

By GuruFocus Research • 07-12-2023

Veea, Inc. and Plum Acquisition Corp. I Announce Letter of Intent for a Business Combination

By GlobeNewswire • 11-13-2023