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Evergreen (Evergreen) ROCE % : -1.24% (As of Feb. 2024)


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What is Evergreen 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. Evergreen's annualized ROCE % for the quarter that ended in Feb. 2024 was -1.24%.

Evergreen ROCE % Historical Data

The historical data trend for Evergreen'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.

Evergreen ROCE % Chart

Evergreen Annual Data
Trend Nov21 Nov22 Nov23
ROCE %
- -0.71 -1.36

Evergreen Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.56 -1.44 -1.00 -2.53 -1.24

Evergreen ROCE % Calculation

Evergreen's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=-1.343/( ( (118.464 - 0.021) + (83.142 - 4.084) )/ 2 )
=-1.343/( (118.443+79.058)/ 2 )
=-1.343/98.7505
=-1.36 %

Evergreen's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=-0.984/( ( (83.142 - 4.084) + (84.552 - 4.66) )/ 2 )
=-0.984/( ( 79.058 + 79.892 )/ 2 )
=-0.984/79.475
=-1.24 %

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

Evergreen  (NAS:EVGRU) 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.

Evergreen ROCE % Related Terms

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Evergreen (Evergreen) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Evergreen Corp (NAS:EVGRU) » Definitions » ROCE %
Comparable Companies
APXI BYN DECA ARRW NPAB DSAQ NSTB CPTK TBCP OPA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
EVGR:USA
Address
Glo Damansara, 699, Lot 1.02, Level 1, Jalan Damansara, Taman Tun Dr Ismail, Kuala Lumpur, SGR, MYS, 60000
Website
Evergreen Corp is a blank check company.
Executives
Evergreen Llc 10 percent owner 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Choon Lian Liew director, 10 percent owner, officer: Chief Executive Officer 78 SW 7TH STREET, SUITE 500, MIAMI FL 33130
Lim Wai Loong director 15-04, THE PINNACLE, PERSIARAN LAGOON, BANDAR SUNWAY, PETALING JAYA, SELANGOR N8 46150
Santos Alberto Coronado director 15-04, THE PINNACLE, PERSIARAN LAGOON, BANDAR SUNWAY, PETALING JAYA, SELANGOR N8 46150
Bin Mohd Ramli Izmet Iskandar director, officer: Chief Financial Officer 15-04, THE PINNACLE, PERSIARAN LAGOON, BANDAR SUNWAY, PETALING JAYA, SELANGOR N8 46150
Bin Ahmad Mohamad Zabidi director 15-04, THE PINNACLE, PERSIARAN LAGOON, BANDAR SUNWAY, PETALING JAYA, SELANGOR N8 46150