GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Oak Woods Acquisition Corp (NAS:OAKU) » Definitions » ROCE %

Oak Woods Acquisition (Oak Woods Acquisition) ROCE % : -4.29% (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Oak Woods 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. Oak Woods Acquisition's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.29%.


Oak Woods Acquisition ROCE % Historical Data

The historical data trend for Oak Woods 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.

* Premium members only.

Oak Woods Acquisition ROCE % Chart

Oak Woods Acquisition Annual Data
Trend Dec22 Dec23
ROCE %
- -3.41

Oak Woods Acquisition Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial -0.60 -1.20 -1.68 -3.69 -4.29

Oak Woods Acquisition ROCE % Calculation

Oak Woods 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 )
=-1.029/( ( (0.268 - 0.309) + (61.199 - 0.816) )/ 2 )
=-1.029/( (-0.041+60.383)/ 2 )
=-1.029/30.171
=-3.41 %

Oak Woods 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 )
=-2.596/( ( (61.199 - 0.816) + (61.658 - 1.134) )/ 2 )
=-2.596/( ( 60.383 + 60.524 )/ 2 )
=-2.596/60.4535
=-4.29 %

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

* 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.


Oak Woods Acquisition  (NAS:OAKU) 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.


Oak Woods Acquisition ROCE % Related Terms

Thank you for viewing the detailed overview of Oak Woods Acquisition's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Oak Woods Acquisition (Oak Woods Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
101 Roswell Drive, Nepean, ON, CAN, K2J 0H5
Oak Woods Acquisition Corp is a a newly-incorporated blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more target businesses.