Western Acquisition Ventures (Western Acquisition Ventures) ROCE % : -469.53% (As of Dec. 2023)

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What is Western Acquisition Ventures 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. Western Acquisition Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -469.53%.

Western Acquisition Ventures ROCE % Historical Data

The historical data trend for Western Acquisition Ventures'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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Western Acquisition Ventures ROCE % Chart

Western Acquisition Ventures Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-3.45

-1.88

Western Acquisition Ventures Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-1.42	-2.38	-13.86	-33.14	-469.53

Western Acquisition Ventures ROCE % Calculation

Western Acquisition Ventures'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 )
	=	-1.099	/	( ( (118.287 - 1.243)	+	(3.412 - 3.306) )	/ 2 )
	=	-1.099	/	( (117.044	+	0.106)	/ 2 )
	=	-1.099	/	58.575
	=	-1.88 %

Western Acquisition Ventures'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 )
	=	-1.148	/	( ( (3.66 - 3.277)	+	(3.412 - 3.306) )	/ 2 )
	=	-1.148	/	( ( 0.383	+	0.106 )	/ 2 )
	=	-1.148	/	0.2445
	=	-469.53 %

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

Western Acquisition Ventures (NAS:WAVS) 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.

Western Acquisition Ventures ROCE % Related Terms

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Western Acquisition Ventures (Western Acquisition Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Western Acquisition Ventures Corp (NAS:WAVS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Broadway, 12th Floor, New York, NY, USA, 10004

Website

https://www.westernacquisitionventures.com

Western Acquisition Ventures Corp is a blank check company.

Executives

Robin L Smith	director	C/O PHASE III MEDICAL, INC., 330 SOUTH SERVICE ROAD, SUITE 120, MELVILLE NY 11747
Adam K Stern	director	STERN AEGIS VENTURES, 810 7TH AVENUE 22ND FLOOR, NEW YORK NY 10019
Stephen Christoffersen	director, officer: Chief Executive Officer	6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
A.g.p. / Alliance Global Partners Corp.	other: Underwriter	88 POST ROAD WEST, 2ND FLOOR, WESTPORT CT 06880
William F Lischak	director, 10 percent owner, other: Chief Financial Officer	8800 SUNSET BLVD, 3RD FL, LOS ANGELES CA 90069
Western Acquisition Ventures Sponsor Llc	10 percent owner	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004
Ali Jahangiri	director	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004
Ade Okunubi	director	42 BROADWAY, 12TH FLOOR, NEW YORK NY 10004

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