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Chain Bridge I (Chain Bridge I) ROC (Joel Greenblatt) % : 0.00% (As of Dec. 2023)


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What is Chain Bridge I ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Chain Bridge I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for Chain Bridge I's ROC (Joel Greenblatt) % or its related term are showing as below:

CBRGU' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -447.08   Med: -278.52   Max: -30.85
Current: -394.24

During the past 3 years, Chain Bridge I's highest ROC (Joel Greenblatt) % was -30.85%. The lowest was -447.08%. And the median was -278.52%.

CBRGU's ROC (Joel Greenblatt) % is ranked worse than
63.06% of 333 companies
in the Diversified Financial Services industry
Industry Median: -39.36 vs CBRGU: -394.24

Chain Bridge I's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Chain Bridge I ROC (Joel Greenblatt) % Historical Data

The historical data trend for Chain Bridge I's ROC (Joel Greenblatt) % 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.

Chain Bridge I ROC (Joel Greenblatt) % Chart

Chain Bridge I Annual Data
Trend Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
-30.85 -278.52 -447.08

Chain Bridge I Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -487.50 -506.82 -1,115.32 - -

Competitive Comparison of Chain Bridge I's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, Chain Bridge I's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chain Bridge I's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Chain Bridge I's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Chain Bridge I's ROC (Joel Greenblatt) % falls into.



Chain Bridge I ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.077) - (0.163 + 0 + 0)
=-0.086

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.003) - (0.068 + 0 + 0)
=-0.065

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Chain Bridge I for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.388/( ( (0 + max(-0.086, 0)) + (0 + max(-0.065, 0)) )/ 1 )
=-0.388/( ( 0 + 0 )/ 1 )
=-0.388/0
= %

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

* 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.


Chain Bridge I  (NAS:CBRGU) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Chain Bridge I ROC (Joel Greenblatt) % Related Terms

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Chain Bridge I (Chain Bridge I) Business Description

Traded in Other Exchanges
Address
330 Primrose Road, Suite 500, Burlingame, CA, USA, 94010
Chain Bridge I is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Chain Bridge I (Chain Bridge I) Headlines