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

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

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.

* Premium members only.

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:PTOCW) 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

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

Pine Technology Acquisition (Pine Technology Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pine Technology Acquisition Corp (NAS:PTOCW) » 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.