Digital Health Acquisition (Digital Health Acquisition) ROCE % : 0.00% (As of Mar. 2024)

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What is Digital Health 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. Digital Health Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Digital Health Acquisition ROCE % Historical Data

The historical data trend for Digital Health 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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Digital Health Acquisition ROCE % Chart

Digital Health Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-4.80

Digital Health Acquisition Quarterly Data
	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-201.49	60.12	34.19	-	-

Digital Health Acquisition ROCE % Calculation

Digital Health 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 )
	=	-2.236	/	( ( (7.634 - 3.296)	+	(1.371 - 7.984) )	/ 2 )
	=	-2.236	/	( (4.338	+	-6.613)	/ 2 )
	=	-2.236	/	-1.1375
	=	196.57 %

Digital Health 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 )
	=	-3.336	/	( ( (1.371 - 7.984)	+	(1.387 - 8.969) )	/ 2 )
	=	-3.336	/	( ( -6.613	+	-7.582 )	/ 2 )
	=	-3.336	/	-7.0975
	=	0 %

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

Digital Health Acquisition (NAS:DHAC) 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.

Digital Health Acquisition ROCE % Related Terms

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Digital Health Acquisition (Digital Health Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Digital Health Acquisition Corp (NAS:DHAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

980 North Federal Hwy, Suite 304, Boca Raton, FL, USA, 33432

Website

Digital Health Acquisition Corp is a newly organized blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination.

Executives

Kevin Lowdermilk	director	980 N FEDERAL HWY, #304, BOCA RATON FL 33432
Brent D Willis	director	4211 W BOY SCOUT BLVD, SUITE 290, TAMPA FL 33607
Daniel James Sullivan	officer: CFO	2375 APPLE RIDGE CIRCLE, MANASQUAN NJ 08736
Digital Health Sponsor Llc	10 percent owner	980 N. FEDERAL HWY, #304, BOCA RATON FL 33432
George Mcnellage	director	980 N FEDERAL HWY, #304, BOCA RATON FL 33432
Scott Metzger	director	980 N FEDERAL HWY, #304, BOCA RATON FL 33432
Frank Ciufo	director	980 N FEDERAL HWY, #304, BOCA RATON FL 33432
Scott Jordan Wolf	director, officer: CEO, Secy	980 N FEDERAL HWY, #304, BOCA RATON FL 33432