Legato Merger III (Legato Merger III) ROCE % : 0.00% (As of Nov. 2023)

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What is Legato Merger III 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. Legato Merger III's annualized ROCE % for the quarter that ended in Nov. 2023 was 0.00%.

Legato Merger III ROCE % Historical Data

The historical data trend for Legato Merger III'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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Legato Merger III ROCE % Chart

Legato Merger III Annual Data

Trend

ROCE %

Legato Merger III Quarterly Data
	Nov23
ROCE %	-

Legato Merger III ROCE % Calculation

Legato Merger III's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Legato Merger III's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: . 20 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: . 20 )		(Q: Nov. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

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

Legato Merger III (AMEX:LEGT) 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.

Legato Merger III ROCE % Related Terms

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Legato Merger III (Legato Merger III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Legato Merger Corp III (AMEX:LEGT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

777 Third Avenue, 37th Floor, New York, NY, USA, 10017

Website

Legato Merger Corp III is a blank check company.

Legato Merger III (Legato Merger III) Headlines

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