GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Onyx Acquisition Co I (NAS:ONYX) » Definitions » ROCE %

Onyx Acquisition Co I (Onyx Acquisition Co I) ROCE % : -11.40% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Onyx Acquisition Co I 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. Onyx Acquisition Co I's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.40%.

Onyx Acquisition Co I ROCE % Historical Data

The historical data trend for Onyx Acquisition Co I'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.

Onyx Acquisition Co I ROCE % Chart

Onyx Acquisition Co I Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
- -0.63 -1.54

Onyx Acquisition Co I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.64 -2.96 -3.47 -13.28 -11.40

Onyx Acquisition Co I ROCE % Calculation

Onyx Acquisition Co I'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 )
=-2.252/( ( (274.318 - 1.419) + (22.456 - 3.754) )/ 2 )
=-2.252/( (272.899+18.702)/ 2 )
=-2.252/145.8005
=-1.54 %

Onyx Acquisition Co I'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 )
=-1.688/( ( (22.456 - 3.754) + (14.987 - 4.069) )/ 2 )
=-1.688/( ( 18.702 + 10.918 )/ 2 )
=-1.688/14.81
=-11.40 %

(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.

Onyx Acquisition Co I  (NAS:ONYX) 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.

Onyx Acquisition Co I ROCE % Related Terms

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

Onyx Acquisition Co I (Onyx Acquisition Co I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Onyx Acquisition Co I (NAS:ONYX) » Definitions » ROCE %
Comparable Companies
BOWN QDRO RWOD TBMC NBST VCXA BLAC GODN ADEX PMGM PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
104 5th Avenue, New York, NY, USA, 10011
Website
https://www.onyxacqu.com
Onyx Acquisition Co I is a blank check company 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 businesses.
Executives
Dan Gropper 10 percent owner 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820
Carronade Capital Management, Lp 10 percent owner 17 OLD KINGS HIGHWAY SOUTH, SUITE 140, DARIEN CT 06820
Vr Advisory Services Ltd 10 percent owner INTERTRUST CORPORATE SERVICES (CAYMAN), ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Vr Global Partners, L.p. 10 percent owner INTERTRUST CORPORATE SERVICES (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Group Ltd. 10 percent owner DUBAI INTERNATIONAL FINANCIAL CENTRE, GATE VILLAGE BLDG. 4, SUITE 402, DUBAI C0 506755
Richard Deitz 10 percent owner NIDDRY LODGE, 51 HOLLAND STREET, LONDON X0 W8 7JB
Vr Capital Participation Ltd. 10 percent owner C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Holdings Ltd. 10 percent owner C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Onyx Acquisition Sponsor Co. Llc 10 percent owner 104 5TH AVENUE, NEW YORK NY 10011
Serena Rakhlin officer: General Counsel C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Michael Zev Stern director, 10 percent owner, officer: CEO and Chairman C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Michael Ryan Lehmann director C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Matthew Vodola 10 percent owner, officer: Chief Financial Officer C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Neto Edmar Prado Lopes director C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011
Benjamin Lerner 10 percent owner, officer: President C/O ONYX ACQUISITION, 104 5TH AVE, 9TH FLOOR, NEW YORK NY 10011