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ShoulderUp Technology Acquisition (ShoulderUp Technology Acquisition) ROCE % : -2.87% (As of Sep. 2023)


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What is ShoulderUp 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. ShoulderUp Technology Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.87%.

ShoulderUp Technology Acquisition ROCE % Historical Data

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

ShoulderUp Technology Acquisition Annual Data
Trend Dec21 Dec22
ROCE %
- -0.36

ShoulderUp Technology Acquisition Quarterly Data
Aug21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only -0.25 -0.26 -0.33 -0.73 -2.87

ShoulderUp Technology Acquisition ROCE % Calculation

ShoulderUp Technology Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-1.123/( ( (307.328 - 0.453) + (310.399 - 1.096) )/ 2 )
=-1.123/( (306.875+309.303)/ 2 )
=-1.123/308.089
=-0.36 %

ShoulderUp Technology Acquisition's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=-1.18/( ( (44.462 - 3.321) + (44.176 - 2.962) )/ 2 )
=-1.18/( ( 41.141 + 41.214 )/ 2 )
=-1.18/41.1775
=-2.87 %

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

ShoulderUp Technology Acquisition  (NYSE:SUAC.U) 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.

ShoulderUp Technology Acquisition ROCE % Related Terms

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ShoulderUp Technology Acquisition (ShoulderUp Technology Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ShoulderUp Technology Acquisition Corp (NYSE:SUAC.U) » Definitions » ROCE %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
125 Townpark Drive, Suite 3000, Kennesaw, GA, USA, 30144
Website
https://www.shoulderupacquisition.com
ShoulderUp Technology Acquisition Corp is a blank check company. The company's business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.