Andretti Acquisition (Andretti Acquisition) ROCE % : -7.24% (As of Dec. 2023)

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

What is Andretti 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. Andretti Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.24%.

Andretti Acquisition ROCE % Historical Data

The historical data trend for Andretti 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.

Andretti Acquisition ROCE % Chart

Andretti Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-78.57

1.57

-0.49

Andretti Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							2.56	0.45	2.55	-2.60	-7.24

Andretti Acquisition ROCE % Calculation

Andretti 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 )
	=	-0.792	/	( ( (240.381 - 0.115)	+	(86.471 - 0.956) )	/ 2 )
	=	-0.792	/	( (240.266	+	85.515)	/ 2 )
	=	-0.792	/	162.8905
	=	-0.49 %

Andretti 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 )
	=	-6.156	/	( ( (85.489 - 0.867)	+	(86.471 - 0.956) )	/ 2 )
	=	-6.156	/	( ( 84.622	+	85.515 )	/ 2 )
	=	-6.156	/	85.0685
	=	-7.24 %

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

Andretti Acquisition (NYSE:WNNR) 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.

Andretti Acquisition ROCE % Related Terms

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

Andretti Acquisition (Andretti Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Andretti Acquisition Corp (NYSE:WNNR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7615 Zionsville Road, Indianapolis, IN, USA, 46268

Website

https://andrettiacquisition.com

Andretti Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

William Matthew Brown	officer: See Remarks	331 N. MAIN ST., EULESS TX 76039
William J Sandbrook	director, officer: See Remarks	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
James W Keyes	director	4500 WESTGROVE DR. SUITE 222, ADDISON TX 75001
Cassandra S. Lee	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Gerald D Putnam	director	100 SOUTH WACKER DRIVE, SUITE 1800, CHICAGO IL 60606
Michael Andretti	director, officer: See Remarks	4151 E. 96TH STREET, INDIANAPOLIS IN 46240
Andretti Sponsor Llc	director, 10 percent owner, officer: See Remarks	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
John J. Romanelli	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Zakary C. Brown	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268