Thoma Bravo Advantage ROCE
What is the ROCE of Thoma Bravo Advantage?
The ROCE of Thoma Bravo Advantage is -0.33%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Finance sector on NYSE compared to Thoma Bravo Advantage
What does Thoma Bravo Advantage do?
Thoma Bravo Advantage does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Chicago, Illinois.
Companies with roce similar to Thoma Bravo Advantage
- iFresh Inc has ROCE of -0.35%
- Ever-Glory International has ROCE of -0.34%
- Hunt Companies Acquisition I has ROCE of -0.34%
- Eaton Vance Enhanced Equity Income Fund II has ROCE of -0.34%
- Visagar Polytex has ROCE of -0.34%
- Bogota Corp has ROCE of -0.34%
- Thoma Bravo Advantage has ROCE of -0.33%
- CC Neuberger Principal has ROCE of -0.32%
- VM Hotel Acquisition Corp has ROCE of -0.32%
- Aspen Technology Inc has ROCE of -0.32%
- Zenith has ROCE of -0.31%
- Conyers Park Acquisition has ROCE of -0.31%
- Conyers Park Acquisition has ROCE of -0.31%