Integrated Rail and Resources Acquisition (Integrated Rail and Resources Acquisition) ROCE % : -2.19% (As of Dec. 2023)

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What is Integrated Rail and Resources 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. Integrated Rail and Resources Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.19%.

Integrated Rail and Resources Acquisition ROCE % Historical Data

The historical data trend for Integrated Rail and Resources 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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Integrated Rail and Resources Acquisition ROCE % Chart

Integrated Rail and Resources Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-0.87

-0.93

Integrated Rail and Resources Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-1.76	-0.95	-0.90	-1.06	-2.19

Integrated Rail and Resources Acquisition ROCE % Calculation

Integrated Rail and Resources 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 )
	=	-1.392	/	( ( (238.025 - 1.094)	+	(72.765 - 9.271) )	/ 2 )
	=	-1.392	/	( (236.931	+	63.494)	/ 2 )
	=	-1.392	/	150.2125
	=	-0.93 %

Integrated Rail and Resources Acquisition's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.388	/	( ( (71.515 - 8.379)	+	(72.765 - 9.271) )	/ 2 )
	=	-1.388	/	( ( 63.136	+	63.494 )	/ 2 )
	=	-1.388	/	63.315
	=	-2.19 %

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

Integrated Rail and Resources Acquisition (OTCPK:IRRX) 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.

Integrated Rail and Resources Acquisition ROCE % Related Terms

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Integrated Rail and Resources Acquisition (Integrated Rail and Resources Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Integrated Rail and Resources Acquisition Corp (OTCPK:IRRX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 W. Morse Boulevard, Suite 220, Winter Park, FL, USA, 32789

Website

https://www.irr-x.com/

Integrated Rail and Resources Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Jason C. Reeves	director	400 W. MORSE BOULEVARD, SUITE 220, WINTER PARK FL 32789
Ronald Curt Copley	director	400 W. MORSE BOULEVARD, SUITE 220, WINTER PARK FL 32789
Troy O Welch	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Didier Henry N Jr	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Robert L Bach	officer: General Counsel	101 COURAGEOUS DRIVE, LEAGUE CITY TX 77573
Nathan Asplund	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Chris A Bertel	officer: Chief Financial Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Richard D Bertel	director, officer: Chief Executive Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Michael Haeg	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Mark W Hemphill	officer: See Remarks	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Timothy J Fisher	director, officer: Chief Acquisition Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Rollin D Bredenberg	director	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109
Mark A Michel	director, officer: Chief Operating Officer	6100 SOUTHWEST BOULEVARD, SUITE 320, FORT WORTH TX 76109