Altitude Acquisition (Altitude Acquisition) ROCE % : -24.06% (As of Sep. 2023)

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What is Altitude 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. Altitude Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -24.06%.

Altitude Acquisition ROCE % Historical Data

The historical data trend for Altitude 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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Altitude Acquisition ROCE % Chart

Altitude Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-2.00

-2.12

Altitude Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial								-3.55	-5.60	-42.75	-54.67	-24.06

Altitude Acquisition ROCE % Calculation

Altitude 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 )
	=	-3.34	/	( ( (300.257 - 0.397)	+	(16.977 - 1.594) )	/ 2 )
	=	-3.34	/	( (299.86	+	15.383)	/ 2 )
	=	-3.34	/	157.6215
	=	-2.12 %

Altitude 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 )
	=	-2.712	/	( ( (13.729 - 2.314)	+	(13.76 - 2.635) )	/ 2 )
	=	-2.712	/	( ( 11.415	+	11.125 )	/ 2 )
	=	-2.712	/	11.27
	=	-24.06 %

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

Altitude Acquisition (NAS:ALTU) 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.

Altitude Acquisition ROCE % Related Terms

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Altitude Acquisition (Altitude Acquisition) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ALTUU:USA

Address

400 Perimeter Center Terrace, Suite 151, Atlanta, GA, USA, 30346

Website

https://www.altitudeac.com

Altitude Acquisition Corp is a blank check company.

Executives

Bnp Paribas Arbitrage, Sa	10 percent owner	1 RUE LAFFITTE, PARIS I0 75009
Michael Gavin Isaacs	director	BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Altitude Acquisition Holdco Llc	director, 10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Thomas Breitling	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Gary Teplis	10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Adeel Rouf	officer: See Remarks	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Kevin Michael Schubert	officer: Chief Operating Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Michel Maurice Taride	director	1240 WEST WESLEY ROAD, ATLANTA 2Q 30327
Farris Griggs	officer: Chief Financial Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Sam Galeotos	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Hilton Sturisky	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327