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Chenghe Acquisition I Co (Chenghe Acquisition I Co) ROCE % : -8.86% (As of Dec. 2023)


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What is Chenghe Acquisition I Co 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. Chenghe Acquisition I Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.86%.

Chenghe Acquisition I Co ROCE % Historical Data

The historical data trend for Chenghe Acquisition I Co'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.

Chenghe Acquisition I Co ROCE % Chart

Chenghe Acquisition I Co Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
- -2.00 -2.43

Chenghe Acquisition I Co Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1.19 -1.06 -1.19 -2.47 -8.86

Chenghe Acquisition I Co ROCE % Calculation

Chenghe Acquisition I Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-2.144/( ( (135.786 - 0.488) + (43.609 - 2.121) )/ 2 )
=-2.144/( (135.298+41.488)/ 2 )
=-2.144/88.393
=-2.43 %

Chenghe Acquisition I Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-4.488/( ( (61.093 - 1.217) + (43.609 - 2.121) )/ 2 )
=-4.488/( ( 59.876 + 41.488 )/ 2 )
=-4.488/50.682
=-8.86 %

(1) 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.

Chenghe Acquisition I Co  (NAS:LATG) 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.

Chenghe Acquisition I Co ROCE % Related Terms

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Chenghe Acquisition I Co (Chenghe Acquisition I Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chenghe Acquisition I Co (NAS:LATG) » Definitions » ROCE %
Comparable Companies
CNGL ATMV TENK HSPO ATMC FSRX MARX GAMC IMAQ VII PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
38 Beach Road, No. 29-11, South Beach Tower, Singapore, SGP, 189767
Website
https://www.latamgrowthspac.com
Chenghe Acquisition I Co Formerly LatAmGrowth SPAC is a newly incorporated blank check company.
Executives
Latamgrowth Sponsor Llc 10 percent owner 515 SOUTH FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Hector Martinez director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Zain A. Manekia director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Carole Philippe director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Murrieta Eduardo Cortina director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Gerard Henri Cremoux director, officer: CEO, CFO 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Llanes Gerardo Mendoza officer: Chief Investment Officer 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Olea Sisniega Miguel Angel director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Michael J. Mcguinness director 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022