First Light Acquisition Group (First Light Acquisition Group) ROCE % : -46.13% (As of Jun. 2023)

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What is First Light Acquisition Group 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. First Light Acquisition Group's annualized ROCE % for the quarter that ended in Jun. 2023 was -46.13%.

First Light Acquisition Group ROCE % Historical Data

The historical data trend for First Light Acquisition Group'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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First Light Acquisition Group ROCE % Chart

First Light Acquisition Group Annual Data

Trend

Dec21

Dec22

ROCE %

-3.46

First Light Acquisition Group Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial				7.21	-3.14	-27.45	-21.68	-46.13

First Light Acquisition Group ROCE % Calculation

First Light Acquisition Group'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 )
	=	-4.67	/	( ( (231.769 - 0.411)	+	(42.855 - 4.536) )	/ 2 )
	=	-4.67	/	( (231.358	+	38.319)	/ 2 )
	=	-4.67	/	134.8385
	=	-3.46 %

First Light Acquisition Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-16.696	/	( ( (43.176 - 6.616)	+	(44.01 - 8.182) )	/ 2 )
	=	-16.696	/	( ( 36.56	+	35.828 )	/ 2 )
	=	-16.696	/	36.194
	=	-46.13 %

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

First Light Acquisition Group (AMEX:FLAG.U) 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.

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First Light Acquisition Group (First Light Acquisition Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » First Light Acquisition Group Inc (AMEX:FLAG.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11110 Sunset Hills Road, Suite No. 2278, Reston, VA, USA, 20190

Website

https://www.firstlightacquisition.com

First Light Acquisition Group Inc is a is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.