LGACU (Lazard Growth Acquisition I) ROCE % : -0.29% (As of Sep. 2022)

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What is Lazard Growth 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. Lazard Growth Acquisition I's annualized ROCE % for the quarter that ended in Sep. 2022 was -0.29%.

Lazard Growth Acquisition I ROCE % Historical Data

The historical data trend for Lazard Growth 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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Lazard Growth Acquisition I ROCE % Chart

Lazard Growth Acquisition I Annual Data

Trend

Dec20

Dec21

ROCE %

-1.93

Lazard Growth Acquisition I Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial			-0.34	-2.94	-0.36	-0.28	-0.29

Lazard Growth Acquisition I ROCE % Calculation

Lazard Growth 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: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-5.517	/	( ( (0.655 - 0.637)	+	(576.75 - 6.068) )	/ 2 )
	=	-5.517	/	( (0.018	+	570.682)	/ 2 )
	=	-5.517	/	285.35
	=	-1.93 %

Lazard Growth 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 )
	=	-1.672	/	( ( (576.828 - 6.272)	+	(579.203 - 6.281) )	/ 2 )
	=	-1.672	/	( ( 570.556	+	572.922 )	/ 2 )
	=	-1.672	/	571.739
	=	-0.29 %

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

Lazard Growth Acquisition I (NAS:LGACU) 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.

Lazard Growth Acquisition I ROCE % Related Terms

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Lazard Growth Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lazard Growth Acquisition Corp I (NAS:LGACU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Rockefeller Plaza, New York, NY, USA, 10112

Website

https://lazardltd.gcs-web.com

Lazard Growth Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Executives

Philip A Hadley	director	FACTSET RESEARCH SYSTEMS, ONE GREENWICH PLAZA, GREENWICH CT 06830
Alexander F. Stern	director, officer: EXECUTIVE CHAIRMAN	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Adam T. Berlew	director	501 NORTH BROADWAY, ST. LOUIS MO 63102
Selina Tobaccowala	director	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Noreen Henig	director	C/O KEZAR LIFE SCIENCES, INC., 4000 SHORELINE COURT, SUITE 300, SOUTH SAN FRANCISCO CA 94080
Lazard Ltd	director, 10 percent owner	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM II
Lazard Group Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Eyal Ofir	director, officer: CHIEF EXECUTIVE OFFICER	181 EDWARDS STREET, NEW HAVEN CT 06511
Pierre-yves Cros	director	C/O LAZARD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lgaco 1 Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Mary Ann Deignan	director, officer: CHIEF FINANCIAL OFFICER	30 ROCKEFELLER CENTER, LAZARD FRERES, NEW YORK NY 10112
Lga Holdco Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10112

Lazard Growth Acquisition I Headlines

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