Agrinam Acquisition (TSX:AGRI.U) ROCE % : 0.00% (As of Dec. 2023)

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What is Agrinam 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. Agrinam Acquisition's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Agrinam Acquisition ROCE % Historical Data

The historical data trend for Agrinam 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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Agrinam Acquisition ROCE % Chart

Agrinam Acquisition Annual Data

Trend

Mar22

Mar23

ROCE %

Agrinam Acquisition Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-7.41	-15.13	-	-	-

Agrinam Acquisition ROCE % Calculation

Agrinam Acquisition's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-8.666	/	( ( (0 - 0)	+	(146.373 - 148.917) )	/ 1 )
	=	-8.666	/	( (0	+	-2.544)	/ 1 )
	=	-8.666	/	-2.544
	=	340.64 %

Agrinam Acquisition's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-94.768	/	( ( (31.548 - 46.878)	+	(29.901 - 69.178) )	/ 2 )
	=	-94.768	/	( ( -15.33	+	-39.277 )	/ 2 )
	=	-94.768	/	-27.3035
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Agrinam Acquisition (TSX:AGRI.U) 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.

Agrinam Acquisition ROCE % Related Terms

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Agrinam Acquisition (TSX:AGRI.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Agrinam Acquisition Corp (TSX:AGRI.U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Homero 109, Polanco, Polanco V Secc, Miguel Hidalgo, Mexico, MEX, MEX, 11560

Website

Agrinam Acquisition Corp is a special purpose acquisition corporation incorporated for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination involving the Corporation.

Agrinam Acquisition (TSX:AGRI.U) Headlines

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