Luxbright AB (OSTO:LXB) ROCE % : -66.28% (As of Jun. 2023)

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What is Luxbright AB 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. Luxbright AB's annualized ROCE % for the quarter that ended in Jun. 2023 was -66.28%.

Luxbright AB ROCE % Historical Data

The historical data trend for Luxbright AB'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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Luxbright AB ROCE % Chart

Luxbright AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-128.96

-96.21

-46.39

-57.63

-84.70

Luxbright AB Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial					-49.26	-68.90	-68.37	-62.78	-66.28

Luxbright AB ROCE % Calculation

Luxbright AB'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 )
	=	-21.089	/	( ( (23.994 - 2.266)	+	(31.192 - 3.122) )	/ 2 )
	=	-21.089	/	( (21.728	+	28.07)	/ 2 )
	=	-21.089	/	24.899
	=	-84.70 %

Luxbright AB's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-24.838	/	( ( (31.192 - 3.122)	+	(48.53 - 1.654) )	/ 2 )
	=	-24.838	/	( ( 28.07	+	46.876 )	/ 2 )
	=	-24.838	/	37.473
	=	-66.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Luxbright AB (OSTO:LXB) 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.

Luxbright AB ROCE % Related Terms

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Luxbright AB (OSTO:LXB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Luxbright AB (OSTO:LXB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LUR:Germany

Address

Arvid Wallgrens backe 20, Gothenburg, SWE, 41346

Website

https://www.luxbright.com

Luxbright AB is a technology company focusing on developing and commercializing a new generation of X-ray tubes. The company offers innovative X-ray tubes, generators, and future X-ray systems to international system suppliers in order to improve and protect lives by enabling higher resolution X-ray images. The X-ray tubes are a powerful, stable, and cost-effective alternative to conventional X-ray tubes.

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