Lakeshore Acquisition I (Lakeshore Acquisition I) ROCE % : -1.40% (As of Sep. 2022)

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What is Lakeshore Acquisition I 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. Lakeshore Acquisition I's annualized ROCE % for the quarter that ended in Sep. 2022 was -1.40%.

Lakeshore Acquisition I ROCE % Historical Data

The historical data trend for Lakeshore Acquisition I'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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Lakeshore Acquisition I ROCE % Chart

Lakeshore Acquisition I Annual Data

Trend

Dec21

ROCE %

-0.55

Lakeshore Acquisition I Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-0.73	-1.04	-1.10	-0.57	-1.40

Lakeshore Acquisition I ROCE % Calculation

Lakeshore Acquisition I's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: . 20 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: . 20 )		(A: Dec. 2021 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Lakeshore Acquisition I's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-0.588	/	( ( (55.018 - 0.018)	+	(29.43 - 0.543) )	/ 2 )
	=	-0.588	/	( ( 55	+	28.887 )	/ 2 )
	=	-0.588	/	41.9435
	=	-1.40 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Lakeshore Acquisition I (NAS:LAAAW) 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.

Lakeshore Acquisition I ROCE % Related Terms

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Lakeshore Acquisition I (Lakeshore Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lakeshore Acquisition I Corp (NAS:LAAAW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Shihui Road, Suite A-2nd Floor, Songjiang District, Shanghai, CHN, 201100

Website

https://lakeshoreacquisition.com

Lakeshore Acquisition I Corp is a blank check company. Its objective is to acquire, through a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.