Lamda Development (LTS:0NCY) ROCE % : 6.09% (As of Dec. 2023)

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What is Lamda Development 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. Lamda Development's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.09%.

Lamda Development ROCE % Historical Data

The historical data trend for Lamda Development'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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Lamda Development ROCE % Chart

Lamda Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.08

-1.40

11.99

2.13

4.01

Lamda Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.51	1.40	8.00	0.83	6.09

Lamda Development ROCE % Calculation

Lamda Development'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 )
	=	129.486	/	( ( (4183.255 - 974.312)	+	(4153.998 - 910.412) )	/ 2 )
	=	129.486	/	( (3208.943	+	3243.586)	/ 2 )
	=	129.486	/	3226.2645
	=	4.01 %

Lamda Development'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 )
	=	193.512	/	( ( (4189.59 - 1073.902)	+	(4153.998 - 910.412) )	/ 2 )
	=	193.512	/	( ( 3115.688	+	3243.586 )	/ 2 )
	=	193.512	/	3179.637
	=	6.09 %

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

Lamda Development (LTS:0NCY) 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.

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Lamda Development (LTS:0NCY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lamda Development SA (LTS:0NCY) » Definitions » ROCE %

Traded in Other Exchanges

LAMDA:Greece LDQ:Germany

Address

37A Kifissias Avenue (Inside Golden Hall), Maroussi, GRC, 15123

Website

https://www.lamdadev.com

Lamda Development SA is a holding company specializing in real estate development, investment, and management. The company's development portfolio includes three commercial and leisure centers, namely The Mall Athens, Golden Hall, and Mediterranean Cosmos; office buildings, and residential complexes. The company's investment portfolio is located in Greece and is mostly in the retail industry. In addition, Lamda Development develops land, builds marinas, maintains yachts, and provides refurbishing and airport services.

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