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Target Global Acquisition I (Target Global Acquisition I) ROCE % : -5.85% (As of Mar. 2024)


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What is Target Global 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. Target Global Acquisition I's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.85%.

Target Global Acquisition I ROCE % Historical Data

The historical data trend for Target Global 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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Target Global Acquisition I ROCE % Chart

Target Global Acquisition I Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
- -0.50 -1.65

Target Global Acquisition I Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.45 -2.25 -3.00 -7.35 -5.85

Target Global Acquisition I ROCE % Calculation

Target Global Acquisition I'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 )
=-2.161/( ( (222.741 - 0.785) + (43.45 - 3.101) )/ 2 )
=-2.161/( (221.956+40.349)/ 2 )
=-2.161/131.1525
=-1.65 %

Target Global Acquisition I's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-2.356/( ( (43.45 - 3.101) + (44.315 - 4.075) )/ 2 )
=-2.356/( ( 40.349 + 40.24 )/ 2 )
=-2.356/40.2945
=-5.85 %

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

Target Global Acquisition I  (NAS:TGAAU) 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.

Target Global Acquisition I ROCE % Related Terms

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Target Global Acquisition I (Target Global Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Target Global Acquisition I Corp (NAS:TGAAU) » Definitions » ROCE %
Comparable Companies
CHAA CBRG BLUA HWEL PWUP NNAG CITE CMCA DPCS PFTA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
TGAA:USA
Address
Governors Square, 23 Lime Tree Bay Avenue, PO Box 10176, Grand Cayman, CYM, KY1-1002
Website
Target Global Acquisition I Corp is a blank check company.