Coastal Capital Acquisition (Coastal Capital Acquisition) ROCE % : -48.28% (As of Sep. 2023)

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What is Coastal Capital 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. Coastal Capital Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -48.28%.

Coastal Capital Acquisition ROCE % Historical Data

The historical data trend for Coastal Capital 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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Coastal Capital Acquisition ROCE % Chart

Coastal Capital Acquisition Annual Data

Trend

ROCE %

Coastal Capital Acquisition Semi-Annual Data
	Sep22	Sep23
ROCE %	-	-48.28

Coastal Capital Acquisition ROCE % Calculation

Coastal Capital Acquisition's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

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

Coastal Capital 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: Sep. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	-0.014	/	( ( (0 - 0)	+	(0.029 - 0) )	/ 1 )
	=	-0.014	/	( ( 0	+	0.029 )	/ 1 )
	=	-0.014	/	0.029
	=	-48.28 %

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

Coastal Capital Acquisition (OTCPK:CCAJ) 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.

Coastal Capital Acquisition ROCE % Related Terms

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Coastal Capital Acquisition (Coastal Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Coastal Capital Acquisition Corp (OTCPK:CCAJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 North Laura Street, Suite 2500, Jacksonville, FL, USA, 32202

Website

https://www.coastalcapitalacquisitioncorp.com

Coastal Capital Acquisition Corp is a shell company.

Executives

Mark A Lewis	director	200 PRESEVE ST., BOZEMAN MT 59718
Midwest Merger Management Llc	10 percent owner

Coastal Capital Acquisition (Coastal Capital Acquisition) Headlines

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