IBKS No.21 Special Purpose Acquisition Co (XKRX:442770) ROCE % : 2.54% (As of Mar. 2024)

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

What is IBKS No.21 Special Purpose Acquisition Co 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. IBKS No.21 Special Purpose Acquisition Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.54%.

IBKS No.21 Special Purpose Acquisition Co ROCE % Historical Data

The historical data trend for IBKS No.21 Special Purpose Acquisition Co'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.

IBKS No.21 Special Purpose Acquisition Co ROCE % Chart

IBKS No.21 Special Purpose Acquisition Co Annual Data

Trend

Dec22

Dec23

ROCE %

-0.11

3.38

IBKS No.21 Special Purpose Acquisition Co Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			3.23	3.49	3.45	3.31	2.54

IBKS No.21 Special Purpose Acquisition Co ROCE % Calculation

IBKS No.21 Special Purpose Acquisition Co'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 )
	=	336.661	/	( ( (9831.153 - 5.01)	+	(10122.576 - 2.25) )	/ 2 )
	=	336.661	/	( (9826.143	+	10120.326)	/ 2 )
	=	336.661	/	9973.2345
	=	3.38 %

IBKS No.21 Special Purpose Acquisition Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	257.6	/	( ( (10122.576 - 2.25)	+	(10190.524 - 5.798) )	/ 2 )
	=	257.6	/	( ( 10120.326	+	10184.726 )	/ 2 )
	=	257.6	/	10152.526
	=	2.54 %

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

IBKS No.21 Special Purpose Acquisition Co (XKRX:442770) 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.

IBKS No.21 Special Purpose Acquisition Co ROCE % Related Terms

Thank you for viewing the detailed overview of IBKS No.21 Special Purpose Acquisition Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

IBKS No.21 Special Purpose Acquisition Co (XKRX:442770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » IBKS No.21 Special Purpose Acquisition Co (XKRX:442770) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11, Gukjegeumyung-ro 6-gil, Yeoido-dong, Samdeok Building, Yeongdeungpo-gu, Seoul, KOR

Website

IBKS No.21 Special Purpose Acquisition Co is a special purpose acquisition company.

IBKS No.21 Special Purpose Acquisition Co (XKRX:442770) Headlines

No Headlines