TRONW (Corner Growth Acquisition 2) ROCE %: -81.00% (As of Jun. 2024)

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TRONW Corner Growth Acquisition Corp 2 TRONW
32 GF Score
Price $0.03
! 1 Warning Sign
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What is Corner Growth Acquisition 2 ROCE %?

Corner Growth Acquisition 2 TRONW +4.29% 32 ROCE % is -81.00% as of Jun. 2024. GuruFocus rates TRONW with a GF Score™ of 32/100. The stock has 1 warning sign investors should review.

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 Jun. 2024 was -81.00%.

Corner Growth Acquisition 2  (NAS:TRONW) 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

Corner Growth Acquisition 2 ROCE % Historical Data

* Premium members only.

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.

Corner Growth Acquisition 2 ROCE % Chart

Corner Growth Acquisition 2 Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
0.00 -3.11 -3.61

Corner Growth Acquisition 2 Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.42 -5.37 -4.37 -18.69 -81.00
TRONW
32GF Score
Corner Growth Acquisition Corp 2 TRONW
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-0.616/( ( (5.339 - 4.53) + (5.375 - 4.663) )/ 2 )
=-0.616/( ( 0.809 + 0.712 )/ 2 )
=-0.616/0.7605
=-81.00 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -81.00% mean?
Corner Growth Acquisition 2 (TRONW) has a ROCE % of -81.00% as of Jun. 2024.
Is Corner Growth Acquisition 2's ROCE % too high?
Corner Growth Acquisition 2's current ROCE % is -81.00%. Overall, Corner Growth Acquisition 2 has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Corner Growth Acquisition 2's ROCE % compare to KVSA and OXUS?
Corner Growth Acquisition 2's ROCE % of -81.00% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Diversified Financial Services company?
A good ROCE % depends on the Diversified Financial Services industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Corner Growth Acquisition 2's current ROCE % is -81.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corner Growth Acquisition 2 stock overvalued right now?
Corner Growth Acquisition 2 (TRONW) has a current ROCE % of -81.00%. The current ROCE % is -81.00%. Corner Growth Acquisition 2's overall GF Score™ is 32/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Corner Growth Acquisition 2 (TRONW), the current ROCE % is -81.00% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Corner Growth Acquisition 2 Business Description

Address 251 Lytton Avenue, Suite 200, Palo Alto, CA, USA, 94301
Corner Growth Acquisition Corp 2 is a blank check company.
32GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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