Corner Growth Acquisition 2 (Corner Growth Acquisition 2) ROCE % : -18.69% (As of Mar. 2024)

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What is Corner Growth Acquisition 2 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. Corner Growth Acquisition 2's annualized ROCE % for the quarter that ended in Mar. 2024 was -18.69%.

Corner Growth Acquisition 2 ROCE % Historical Data

The historical data trend for Corner Growth Acquisition 2'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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Corner Growth Acquisition 2 ROCE % Chart

Corner Growth Acquisition 2 Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-3.11

-3.61

Corner Growth Acquisition 2 Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-4.41	-17.42	-5.37	-4.37	-18.69

Corner Growth Acquisition 2 ROCE % Calculation

Corner Growth Acquisition 2'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 )
	=	-1.642	/	( ( (76.5 - 2.765)	+	(21.242 - 4.072) )	/ 2 )
	=	-1.642	/	( (73.735	+	17.17)	/ 2 )
	=	-1.642	/	45.4525
	=	-3.61 %

Corner Growth Acquisition 2'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 )
	=	-1.68	/	( ( (21.242 - 4.072)	+	(5.339 - 4.53) )	/ 2 )
	=	-1.68	/	( ( 17.17	+	0.809 )	/ 2 )
	=	-1.68	/	8.9895
	=	-18.69 %

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

Corner Growth Acquisition 2 (NAS:TRON) 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.

Corner Growth Acquisition 2 ROCE % Related Terms

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Corner Growth Acquisition 2 (Corner Growth Acquisition 2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Corner Growth Acquisition Corp 2 (NAS:TRON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Lytton Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

Corner Growth Acquisition Corp 2 is a blank check company.

Executives

Taconic Capital Advisors Lp	10 percent owner	280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Highbridge Capital Management Llc	10 percent owner	277 PARK AVE, 23RD FLOOR, NEW YORK NY 10172
Frank Brosens	10 percent owner	C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017
Taconic Capital Advisors Uk Llp	10 percent owner	55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY
Taconic Capital Advisors (hong Kong) Ltd	10 percent owner	UNIT 1601, 16TH FLOOR, RUTTENJEE HOUSE, RUTTENJEE CTR, 11 DUDDELL STREET, HONG KONG K3 00000
John J. Cadeddu	director, 10 percent owner, officer: Co-Chairman	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Alexandre Balkanski	director	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Jason Park	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marvin Tien	director, 10 percent owner, officer: CEO and Chairman	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Jane Batzofin	officer: President	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
David Kutcher	officer: Chief Investment Officer	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
John Mulkey	director	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Kevin Tanaka	officer: DCD	C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301
Cga Sponsor 2, Llc	10 percent owner	251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301