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Chavant Capital Acquisition (Chavant Capital Acquisition) ROCE % : -13.77% (As of Sep. 2023)


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What is Chavant Capital Acquisition 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. Chavant Capital Acquisition's annualized ROCE % for the quarter that ended in Sep. 2023 was -13.77%.

Chavant Capital Acquisition ROCE % Historical Data

The historical data trend for Chavant Capital Acquisition'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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Chavant Capital Acquisition ROCE % Chart

Chavant Capital Acquisition Annual Data
Trend Dec21 Dec22
ROCE %
- -2.81

Chavant Capital Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.65 -6.96 -22.20 -16.37 -13.77

Chavant Capital Acquisition ROCE % Calculation

Chavant Capital Acquisition'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 )
=-1.26/( ( (80.676 - 0.069) + (10.011 - 1.02) )/ 2 )
=-1.26/( (80.607+8.991)/ 2 )
=-1.26/44.799
=-2.81 %

Chavant Capital Acquisition'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 )
=-0.956/( ( (9.352 - 1.912) + (8.693 - 2.246) )/ 2 )
=-0.956/( ( 7.44 + 6.447 )/ 2 )
=-0.956/6.9435
=-13.77 %

(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.

Chavant Capital Acquisition  (NAS:CLAY) 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.

Chavant Capital Acquisition ROCE % Related Terms

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Chavant Capital Acquisition (Chavant Capital Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chavant Capital Acquisition Corp (NAS:CLAY) » Definitions » ROCE %
Comparable Companies
PPHP AVHI WBQNL MCAG MCAF ELLH ACAQ LOGQ GSD JGGC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
445 Park Avenue, 9th Floor, New York, NY, USA, 10022
Website
https://www.chavantcapital.com
Chavant Capital Acquisition Corp is a blank check company.
Executives
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Andre-jacques Auberton-herve director 18 CHEMIN DE LA VIERGE NOIRE, LA TRONCHE I0 38700
Jiong Ma director, officer: CEO and President 445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Chavant Capital Partners Llc 10 percent owner 445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Bernhard Stapp director 445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Michael Lee officer: Chief Financial Officer 445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Patrick J. Ennis director 445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022
Karen E Kerr director 445 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10022