GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Redwoods Acquisition Corp (NAS:RWOD) » Definitions » ROCE %

Redwoods Acquisition (Redwoods Acquisition) ROCE % : -3.54% (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Redwoods 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. Redwoods Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.54%.

Redwoods Acquisition ROCE % Historical Data

The historical data trend for Redwoods 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.

Redwoods Acquisition ROCE % Chart

Redwoods Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
- -1.12 -1.93

Redwoods Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.82 -1.51 -2.58 -2.08 -3.54

Redwoods Acquisition ROCE % Calculation

Redwoods 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 )
=-1.301/( ( (118.247 - 0.506) + (19.456 - 2.313) )/ 2 )
=-1.301/( (117.741+17.143)/ 2 )
=-1.301/67.442
=-1.93 %

Redwoods Acquisition's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-1.3/( ( (58.016 - 1.664) + (19.456 - 2.313) )/ 2 )
=-1.3/( ( 56.352 + 17.143 )/ 2 )
=-1.3/36.7475
=-3.54 %

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

Redwoods Acquisition  (NAS:RWOD) 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.

Redwoods Acquisition ROCE % Related Terms

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

Redwoods Acquisition (Redwoods Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Redwoods Acquisition Corp (NAS:RWOD) » Definitions » ROCE %
Comparable Companies
NBST QDRO ONYX BOWN TBMC BLAC VCXA ADEX PMGM GODN PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1115 Broadway, 12th Floor, New York, NY, USA, 10010
Website
Redwoods Acquisition Corp is a is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Executives
Jiande Chen director, officer: Chief Executive Officer IMAX CORPORATION, A401-410 TOMORROW SQUA, SHANGHAI F4 200003
Raymond John Gibbs director 521 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10175
Wang Cong Edward director, officer: Chief Financial Officer 521 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10175
Redwoods Capital Llc 10 percent owner 1115 BROADWAY, 12TH FLOOR, NEW YORK NY 10010
Weikwang Ng director 1115 BROADWAY, 12TH FLOOR, NEW YORK NY 10010
Hong Jeff Li director 1115 BROADWAY, 12TH FLOOR, NEW YORK NM 10010