Metal Sky Star Acquisition (Metal Sky Star Acquisition) ROCE % : -0.80% (As of Sep. 2023)

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What is Metal Sky Star 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. Metal Sky Star Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.80%.

Metal Sky Star Acquisition ROCE % Historical Data

The historical data trend for Metal Sky Star 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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Metal Sky Star Acquisition ROCE % Chart

Metal Sky Star Acquisition Annual Data

Trend

Dec21

Dec22

ROCE %

-0.70

Metal Sky Star Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial				-0.39	-0.41	-1.25	-1.64	-0.80

Metal Sky Star Acquisition ROCE % Calculation

Metal Sky Star Acquisition'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 )
	=	-0.399	/	( ( (0.333 - 0.332)	+	(116.892 - 3.022) )	/ 2 )
	=	-0.399	/	( (0.001	+	113.87)	/ 2 )
	=	-0.399	/	56.9355
	=	-0.70 %

Metal Sky Star 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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.444	/	( ( (59.495 - 4.652)	+	(60.81 - 5.304) )	/ 2 )
	=	-0.444	/	( ( 54.843	+	55.506 )	/ 2 )
	=	-0.444	/	55.1745
	=	-0.80 %

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

Metal Sky Star Acquisition (NAS:MSSA) 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.

Metal Sky Star Acquisition ROCE % Related Terms

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Metal Sky Star Acquisition (Metal Sky Star Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Metal Sky Star Acquisition Corp (NAS:MSSA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

132 West 31st Street, First Floor, New York, NY, USA, 10001

Website

Metal Sky Star Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Xinghua Fan	director	132 WEST 31ST STREET, 1ST FLOOR, NEW YORK NY 10001
Man Chak Leung	director, 10 percent owner, officer: CEO and Director	132 WEST 31ST STREET, 1ST FLOOR, NEW YORK NY 10001
Zining Jiang	director	132, 1ST FLOOR, NEW YORK NY 10001
Zhou Wang	director	132 WEST 31ST STREET, 1ST FLOOR, NEW YORK NY 10001
M-star Management Corp	10 percent owner	132 W 31ST STREET, 1ST FLOOR, NEW YORK NY 10001
Wenxi He	officer: Chief Financial Officer	FLAT 76 WESTMINSTER GARDENS, MARSHAM STREET, LONDON X0 SW1P4JG