Pine Technology Acquisition (Pine Technology Acquisition) ROCE % : 1.74% (As of Sep. 2022)

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What is Pine Technology 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. Pine Technology Acquisition's annualized ROCE % for the quarter that ended in Sep. 2022 was 1.74%.

Pine Technology Acquisition ROCE % Historical Data

The historical data trend for Pine Technology 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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Pine Technology Acquisition ROCE % Chart

Pine Technology Acquisition Annual Data

Trend

Dec20

Dec21

ROCE %

-1.34

Pine Technology Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			1.63	-10.49	23.46	2.03	1.74

Pine Technology Acquisition ROCE % Calculation

Pine Technology Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-2.309	/	( ( (0.054 - 0.031)	+	(345.734 - 1.449) )	/ 2 )
	=	-2.309	/	( (0.023	+	344.285)	/ 2 )
	=	-2.309	/	172.154
	=	-1.34 %

Pine Technology Acquisition's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	6.016	/	( ( (347.075 - 1.625)	+	(348.072 - 1.543) )	/ 2 )
	=	6.016	/	( ( 345.45	+	346.529 )	/ 2 )
	=	6.016	/	345.9895
	=	1.74 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Pine Technology Acquisition (NAS:PTOCU) 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.

Pine Technology Acquisition ROCE % Related Terms

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Pine Technology Acquisition (Pine Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pine Technology Acquisition Corp (NAS:PTOCU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

260 Lena Drive, Aurora, OH, USA, 44202

Website

https://www.pinetechnology.com

Pine Technology Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Ciro M Defalco	officer: CFO, Treasurer and Secretary	C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Stone Point Capital Llc	10 percent owner	20 HORSENECK LANE, GREENWICH CT 06830
Barry D Zyskind	10 percent owner	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Christopher Longo	director, officer: CEO and Director	59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Adam Karkowsky	director	C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Bradley Tusk	director	251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010
Nicolas D Zerbib	director	JAMES RIVER GROUP, INC., 1414 RALEIGH ROAD, SUITE 415, CHAPEL HILL NC 27517
Trident Vii, L.p.	10 percent owner	STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Vii Parallel Fund, L.p.	10 percent owner	STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Pine Technology Sponsor Llc	director, 10 percent owner	C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202
Trident Pine Acquisition Lp	10 percent owner	C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
John Eric Smith	director	260 LENA DRIVE, AURORA OH 44202
Peel Acquisition Co Ii, Llc	10 percent owner	C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202
Trident Pine Gp, Llc	10 percent owner	C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Capital Vii, L.p.	10 percent owner	C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830