AltEnergy Acquisition (AltEnergy Acquisition) ROCE % : -36.26% (As of Mar. 2024)

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What is AltEnergy 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. AltEnergy Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -36.26%.

AltEnergy Acquisition ROCE % Historical Data

The historical data trend for AltEnergy 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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AltEnergy Acquisition ROCE % Chart

AltEnergy Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

5.70

2.67

AltEnergy Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								3.88	4.77	-23.20	10.52	-36.26

AltEnergy Acquisition ROCE % Calculation

AltEnergy Acquisition'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 )
	=	3.354	/	( ( (237.965 - 0.673)	+	(17.952 - 4.126) )	/ 2 )
	=	3.354	/	( (237.292	+	13.826)	/ 2 )
	=	3.354	/	125.559
	=	2.67 %

AltEnergy Acquisition'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 )
	=	-4.828	/	( ( (17.952 - 4.126)	+	(18.174 - 5.373) )	/ 2 )
	=	-4.828	/	( ( 13.826	+	12.801 )	/ 2 )
	=	-4.828	/	13.3135
	=	-36.26 %

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

AltEnergy Acquisition (NAS:AEAE) 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.

AltEnergy Acquisition ROCE % Related Terms

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AltEnergy Acquisition (AltEnergy Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » AltEnergy Acquisition Corp (NAS:AEAE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Lexington Avenue, 9th Floor, New York, NY, USA, 10022

Website

https://www.altenergyacquisition.com

AltEnergy Acquisition Corp is a blank check company.

Executives

Kimberly J. Heimert	director	ALTENERGY ACQUISITION CORP, 600 LEXINGTON AVE, 9TH FLOOR, NEW YORK NY 10022
Michael C Salvator	director	130 MAIN STREET, NEW CANAAN CT 06840
Daniel Shribman	director	299 PARK AVENUE, NEW YORK NY 10171
Audrey Ann Zibelman	director	6/128 TOORAK ROAD WEST, SOUTH YARRA C4 3141
Russell Monoki Stidolph	officer: Chief Executive Officer	137 ROWAYTON AVENUE, ROWAYTON CT 06853
Altenergy Acquisition Sponsor Llc	10 percent owner	137 ROWAYTON AVENUE, SUITE 400, ROWAYTON CT 06853
Arul Gupta	officer: Chief Operating Officer	VO-068, LEVEL 13A, WISMA MONT KIARA, 1 JALAN KIARA, KUALA LUMPUR N8 50480
William Roger Campell	director	2 BIRCHWOOD LANE, WESTPORT CT 06880
Jonathan Darnell	officer: Chief Financial Officer	1250 AVENUE OF THE AMERICAS, SECOND FLOOR, NEW YORK NY 10019

AltEnergy Acquisition (AltEnergy Acquisition) Headlines

From GuruFocus

ALTENERGY ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF THE SPECIAL MEETING OF STOCKHOLDERS

By PRNewswire PRNewswire • 04-26-2023

AltEnergy Acquisition Corp.. Announces Separate Trading of its Common Stock and Warrants, Commencing December 13, 2021

By PRNewswire PRNewswire • 12-13-2021