Spartan Acquisition III (Spartan Acquisition III) ROCE %

: -1.81% (As of Sep. 2021)

View and export this data going back to 2021. Start your Free Trial

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. Spartan Acquisition III's annualized ROCE % for the quarter that ended in Sep. 2021 was -1.81%.

Spartan Acquisition III ROCE % Historical Data

The historical data trend for Spartan Acquisition III'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.

* Premium members only.

Spartan Acquisition III Annual Data

Trend

Dec20

ROCE %

Spartan Acquisition III Quarterly Data
	Dec20	Mar21	Jun21	Sep21
ROCE %	-	-1.32	-3.12	-1.81

Spartan Acquisition III ROCE % Calculation

Spartan Acquisition III's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: . 20 )		(A: Dec. 2020 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Spartan Acquisition III's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	-9.896	/	( ( (554.006 - 4.899)	+	(553.62 - 6.979) )	/ 2 )
	=	-9.896	/	( ( 549.107	+	546.641 )	/ 2 )
	=	-9.896	/	547.874
	=	-1.81 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Spartan Acquisition III (NYSE:SPAQ.WS) 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.

Spartan Acquisition III ROCE % Related Terms

Thank you for viewing the detailed overview of Spartan Acquisition III's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.