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L Catterton Asia Acquisition (L Catterton Asia Acquisition) ROC (Joel Greenblatt) % : 0.00% (As of Sep. 2023)


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What is L Catterton Asia Acquisition ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. L Catterton Asia Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.00%.

The historical rank and industry rank for L Catterton Asia Acquisition's ROC (Joel Greenblatt) % or its related term are showing as below:

During the past 2 years, L Catterton Asia Acquisition's highest ROC (Joel Greenblatt) % was -1198.86%. The lowest was -5194.32%. And the median was -3196.59%.

LCAA's ROC (Joel Greenblatt) % is not ranked *
in the Diversified Financial Services industry.
Industry Median: -22.58
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

L Catterton Asia Acquisition's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


L Catterton Asia Acquisition ROC (Joel Greenblatt) % Historical Data

The historical data trend for L Catterton Asia Acquisition's ROC (Joel Greenblatt) % 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.

L Catterton Asia Acquisition ROC (Joel Greenblatt) % Chart

L Catterton Asia Acquisition Annual Data
Trend Dec21 Dec22
ROC (Joel Greenblatt) %
-1,198.86 -5,194.32

L Catterton Asia Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of L Catterton Asia Acquisition's ROC (Joel Greenblatt) %

For the Shell Companies subindustry, L Catterton Asia Acquisition's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


L Catterton Asia Acquisition's ROC (Joel Greenblatt) % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, L Catterton Asia Acquisition's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where L Catterton Asia Acquisition's ROC (Joel Greenblatt) % falls into.



L Catterton Asia Acquisition ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.119) - (8.765 + 0 + 0)
=-8.646

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.024) - (10.815 + 0 + 0)
=-10.791

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of L Catterton Asia Acquisition for the quarter that ended in Sep. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.62/( ( (0 + max(-8.646, 0)) + (0 + max(-10.791, 0)) )/ 1 )
=-4.62/( ( 0 + 0 )/ 1 )
=-4.62/0
= %

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.


L Catterton Asia Acquisition  (NAS:LCAA) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


L Catterton Asia Acquisition ROC (Joel Greenblatt) % Related Terms

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L Catterton Asia Acquisition (L Catterton Asia Acquisition) Business Description

Traded in Other Exchanges
Address
8 Marina View, Asia Square Tower 1, No. 41-03, Singapore, SGP, 018960
L Catterton Asia Acquisition Corp is a blank check company.
Executives
Sanford M Litvack director C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER, PALO ALTO CA 94304
John Sculley director C/O KALEIDO BIOSCIENCES, INC., 65 HAYDEN AVENUE, LEXINGTON MA 02421
Frank N Newman director 980 FIFTH AVENUE, 3B, NEW YORK NY 10075
Anish Melwani director C/O L CATTERTON ASIA ACQUISITION CORP, 8 MARINA VIEW, ASIA SQ TOWER 1, #41-3, SINGAPORE U0 018960
Howard Steyn director, officer: President C/O L CATTERTON ASIA ACQUISITION CORP, 8 MARINA VIEW, ASIA SQ TOWER 1, #41-3, SINGAPORE U0 018960
Scott Chen director, officer: Co-CEO and Director C/O L CATTERTON ASIA ACQUISITION CORP, 8 MARINA VIEW, ASIA SQ TOWER 1, #41-3, SINGAPORE U0 018960
Chinta Bhagat director, officer: Co-CEO and Chairman C/O L CATTERTON ASIA ACQUISITION CORP, 8 MARINA VIEW, ASIA SQ TOWER 1, #41-3, SINGAPORE U0 018960
Lca Acquisition Sponsor, Lp 10 percent owner 8 MARINA VIEW, ASIA SQUARE TOWER 1, #41-03, SINGAPORE U0 018960