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Lakeshore Acquisition II (Lakeshore Acquisition II) ROCE % : 4.54% (As of Sep. 2023)


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What is Lakeshore Acquisition II 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. Lakeshore Acquisition II's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.54%.

Lakeshore Acquisition II ROCE % Historical Data

The historical data trend for Lakeshore Acquisition II'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.

Lakeshore Acquisition II ROCE % Chart

Lakeshore Acquisition II Annual Data
Trend Dec21 Dec22
ROCE %
- -2.21

Lakeshore Acquisition II Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 -4.25 -1.03 2.77 4.54

Lakeshore Acquisition II ROCE % Calculation

Lakeshore Acquisition II's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-0.755/( ( (0.29 - 0.35) + (71.098 - 2.742) )/ 2 )
=-0.755/( (-0.06+68.356)/ 2 )
=-0.755/34.148
=-2.21 %

Lakeshore Acquisition II's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=1.536/( ( (37.131 - 3.458) + (37.845 - 3.788) )/ 2 )
=1.536/( ( 33.673 + 34.057 )/ 2 )
=1.536/33.865
=4.54 %

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

Lakeshore Acquisition II  (NAS:LBBB) 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.

Lakeshore Acquisition II ROCE % Related Terms

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Lakeshore Acquisition II (Lakeshore Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lakeshore Acquisition II Corp (NAS:LBBB) » Definitions » ROCE %
Comparable Companies
AFAR OLIT ROSE ROCL ITAQ JAQC WTMA SEPA INTE CLOE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
667 Madison Avenue, New York, NY, USA, 10065
Website
Lakeshore Acquisition II Corp is a newly organized 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.
Executives
H. David Sherman director 38 HOMEWOOD ROAD, NEWTON MA 02468
Jon M. Montgomery director C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Deyin Chen director, 10 percent owner, officer: CEO and CFO 300 JINXIU ROAD, SHANGHAI F4 200135
Redone Investment Ltd 10 percent owner SUITE A-2F, 555 SHIHUI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 2001100
Mingyu Li director 555 SHIHUI ROAD, SONGJIANG DISTRICT, SHANGHAI F4 201100