Digital World Acquisition (Digital World Acquisition) ROCE % : -24.23% (As of Sep. 2023)

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What is Digital World 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. Digital World Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -24.23%.

Digital World Acquisition ROCE % Historical Data

The historical data trend for Digital World 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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Digital World Acquisition ROCE % Chart

Digital World Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.56

-6.64

Digital World Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial						-6.76	-10.61	-1.48	-17.24	-24.23

Digital World Acquisition ROCE % Calculation

Digital World Acquisition'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 )
	=	-18.921	/	( ( (293.991 - 1.25)	+	(300.5 - 23.461) )	/ 2 )
	=	-18.921	/	( (292.741	+	277.039)	/ 2 )
	=	-18.921	/	284.89
	=	-6.64 %

Digital World 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 )
	=	-63.756	/	( ( (307.297 - 37.658)	+	(310.481 - 53.756) )	/ 2 )
	=	-63.756	/	( ( 269.639	+	256.725 )	/ 2 )
	=	-63.756	/	263.182
	=	-24.23 %

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

Digital World Acquisition (NAS:DWAC) 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.

Digital World Acquisition ROCE % Related Terms

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Digital World Acquisition (Digital World Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Digital World Acquisition Corp (NAS:DWAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DWACW:USA

Address

3109 Grand Avenue, No 450, Miami, FL, USA, 33133

Website

Digital World Acquisition Corp is a blank check company.

Executives

Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Patrick Francis Orlando	director, 10 percent owner, officer: CEO and Chairman	212 E 48TH STREET - PHB, NEW YORK NY 10017
Justin Shaner	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Eric Swider	director	2000 S BAYSHORE DR, UNIT 20, MIAMI FL 33133
Rodrigo Veloso	director	78 SW 7TH STREET, MIAMI FL 33130
Bruce J. Garelick	director	78 SW 7TH STREET, MIAMI FL 33130
Jacobson Montie	director	78 SW 7TH STREET, MIAMI FL 33130
Luiz Orleans-braganza	officer: Chief Financial Officer	78 SW 7TH STREET, MIAMI FL 33130
Arc Global Investments Ii Llc	10 percent owner	78 SW 7TH STREET, MIAMI FL 33130