Lectra (FRA:LET) ROCE % : 7.60% (As of Mar. 2024)

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What is Lectra 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. Lectra's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.60%.

Lectra ROCE % Historical Data

The historical data trend for Lectra'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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Lectra ROCE % Chart

Lectra Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.54

11.13

9.48

10.53

8.31

Lectra Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.13	7.25	11.59	6.40	7.60

Lectra ROCE % Calculation

Lectra'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 )
	=	48.839	/	( ( (834.897 - 238.556)	+	(809.218 - 229.738) )	/ 2 )
	=	48.839	/	( (596.341	+	579.48)	/ 2 )
	=	48.839	/	587.9105
	=	8.31 %

Lectra's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	47.048	/	( ( (809.218 - 229.738)	+	(948.042 - 289.779) )	/ 2 )
	=	47.048	/	( ( 579.48	+	658.263 )	/ 2 )
	=	47.048	/	618.8715
	=	7.60 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Lectra (FRA:LET) 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.

Lectra ROCE % Related Terms

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Lectra (FRA:LET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lectra (FRA:LET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0IVJ:UK LSS:France LET:Germany

Address

16-18, Rue Chalgrin, Paris, FRA, 75016

Website

https://www.lectra.com

Lectra is engaged in the design and development of software, CAD/CAM equipment, and associated services designed for industries using fabrics, leather, technical textiles, and composite materials to manufacture products. The company serves fashion and apparel, automotive, and furniture markets, as well as other industries, such as aeronautical, marine and wind power industries. It operates in Europe, the Americas, the Asia-Pacific, and internationally of which the majority of its revenue is derived from the Europe region.

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