Cetus Capital Acquisition (Cetus Capital Acquisition) ROCE % : -2.00% (As of Mar. 2024)

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What is Cetus 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. Cetus Capital Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.00%.

Cetus Capital Acquisition ROCE % Historical Data

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

Cetus Capital Acquisition Annual Data

Trend

Dec22

Dec23

ROCE %

-3.69

Cetus Capital Acquisition Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-5.31	-0.62	-1.03	-3.06	-2.00

Cetus Capital Acquisition ROCE % Calculation

Cetus Capital 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 )
	=	-1.087	/	( ( (0.236 - 0.217)	+	(60.495 - 1.547) )	/ 2 )
	=	-1.087	/	( (0.019	+	58.948)	/ 2 )
	=	-1.087	/	29.4835
	=	-3.69 %

Cetus Capital 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 )
	=	-0.788	/	( ( (60.495 - 1.547)	+	(21.893 - 1.857) )	/ 2 )
	=	-0.788	/	( ( 58.948	+	20.036 )	/ 2 )
	=	-0.788	/	39.492
	=	-2.00 %

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

Cetus Capital Acquisition (NAS:CETU) 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.

Cetus Capital Acquisition ROCE % Related Terms

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Cetus Capital Acquisition (Cetus Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Cetus Capital Acquisition Corp (NAS:CETU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Lane 99, Zhengda Second Street, Floor 3, Wenshan District, Taipei, TWN, 11602

Website

Cetus Capital Acquisition Corp is a blank check company.

Executives

Chung-yi Sun	director, officer: President and CEO	FLOOR 3, NO. 6, LANE 99, ZHENGDA SECOND STREET, WENSHAN DISTRICT, TAIPEI F5 11602
Cetus Sponsor Llc	10 percent owner	FLOOR 3, NO. 6, LANE 99, ZHENGDA SECOND STREET, WENSHAN DISTRICT, TAIPEI F5 11602
Jung-te Chang	director	ROOM 6, SECOND FLOOR, NO. 32, SECTION 4, MINSHENG ROAD, BANQIAO, NEW TAIPEI CITY F5 22001
Cheng-nan Wu	director, officer: CFO	NO. 17, LANE 147, WENAN STREET, ANNAN DISTRICT, TAINAN F5 70941
Peng Grace Fen Lan	director	NO. 311, SANDING SEC., ZHONGFONG ROAD, PINGZHEN DISTRICT, TAOYUAN F5 324006
Lin Bao	director	15-1101, 366 SHANGBO ROAD, PUDONG, SHNGHAI F4 200120

Cetus Capital Acquisition (Cetus Capital Acquisition) Headlines

From GuruFocus

Cetus Capital Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option

By Stock market mentor Stock market mentor • 02-03-2023

Cetus Capital Acquisition Corp. Announces the Separate Trading of its Class A Common Stock, Rights and Warrants, Commencing March 24, 2023

By sperokesalga sperokesalga • 03-24-2023