Albatros Acquisition (TSXV:ALBT.P) ROCE % : -6.32% (As of Feb. 2024)

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What is Albatros 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. Albatros Acquisition's annualized ROCE % for the quarter that ended in Feb. 2024 was -6.32%.

Albatros Acquisition ROCE % Historical Data

The historical data trend for Albatros 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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Albatros Acquisition ROCE % Chart

Albatros Acquisition Annual Data

Trend

Aug21

Aug22

Aug23

ROCE %

-35.56

-18.44

Albatros Acquisition Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial						-9.46	-7.52	-56.89	-1.25	-6.32

Albatros Acquisition ROCE % Calculation

Albatros Acquisition's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.065	/	( ( (0.425 - 0.04)	+	(0.384 - 0.064) )	/ 2 )
	=	-0.065	/	( (0.385	+	0.32)	/ 2 )
	=	-0.065	/	0.3525
	=	-18.44 %

Albatros Acquisition's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.02	/	( ( (0.321 - 0.002)	+	(0.32 - 0.006) )	/ 2 )
	=	-0.02	/	( ( 0.319	+	0.314 )	/ 2 )
	=	-0.02	/	0.3165
	=	-6.32 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Albatros Acquisition (TSXV:ALBT.P) 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.

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Albatros Acquisition (TSXV:ALBT.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Albatros Acquisition Corp Inc (TSXV:ALBT.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Rene-Levesque West Boulevard, Suite 2500, 25th Floor, Montreal, QC, CAN, H3B 5C9

Website

Albatros Acquisition Corp Inc is a capital pool company.

Albatros Acquisition (TSXV:ALBT.P) Headlines

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