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Blue Ocean Acquisition (Blue Ocean Acquisition) ROCE % : -0.60% (As of Mar. 2024)


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What is Blue Ocean 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. Blue Ocean Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.60%.

Blue Ocean Acquisition ROCE % Historical Data

The historical data trend for Blue Ocean 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.

* Premium members only.

Blue Ocean Acquisition ROCE % Chart

Blue Ocean Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
- 6.47 3.42

Blue Ocean Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.32 -4.63 2.86 6.15 -0.60

Blue Ocean Acquisition ROCE % Calculation

Blue Ocean 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 )
=4.438/( ( (197.09 - 0.687) + (67.343 - 4.333) )/ 2 )
=4.438/( (196.403+63.01)/ 2 )
=4.438/129.7065
=3.42 %

Blue Ocean 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 )
=-0.376/( ( (67.343 - 4.333) + (68.469 - 5.57) )/ 2 )
=-0.376/( ( 63.01 + 62.899 )/ 2 )
=-0.376/62.9545
=-0.60 %

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

* 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.

Blue Ocean Acquisition  (NAS:BOCNU) 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.

Blue Ocean Acquisition ROCE % Related Terms

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Blue Ocean Acquisition (Blue Ocean Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Blue Ocean Acquisition Corp (NAS:BOCNU) » Definitions » ROCE %
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Traded in Other Exchanges
BOCN:USA
Address
2 Wisconsin Circle, 7th Floor, Chevy Chase, MD, USA, 20815
Website
https://www.boacquisition.com
Blue Ocean Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.