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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. Lumentum Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.24%.
The historical data trend for Lumentum Holdings'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.
Lumentum Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Jun. 2023 ) | (A: Jun. 2022 ) | (A: Jun. 2023 ) | |||||
= | -66.9 | / | ( ( (4162.2 - 716.5) | + | (4632.1 - 633.8) ) | / 2 ) | |
= | -66.9 | / | ( (3445.7 | + | 3998.3) | / 2 ) | |
= | -66.9 | / | 3722 | ||||
= | -1.80 % |
Lumentum Holdings'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 ) | |||||
= | -367.2 | / | ( ( (4545 - 593.7) | + | (4656 - 658.4) ) | / 2 ) | |
= | -367.2 | / | ( ( 3951.3 | + | 3997.6 ) | / 2 ) | |
= | -367.2 | / | 3974.45 | ||||
= | -9.24 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 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.
Lumentum Holdings (NAS:LITE) 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.
Thank you for viewing the detailed overview of Lumentum Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Julia Suzanne Johnson | director | 1001 RIDDER PARK STREET, SAN JOSE CA 95131 |
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Pamela Fletcher | director | C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054 |
Matthew Joseph Sepe | officer: Chief Accounting Officer | 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035 |
Brian Lillie | director | 1485 BROOKMILL ROAD, LOS ALTOS CA 94024 |
Alan S Lowe | director, officer: Chief Executive Officer | 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035 |
Judy G Hamel | officer: SVP, GC and Secretary | 400 MCCARTHY BLVD, MILPITAS CA 95035 |
Penny Herscher | director | 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131 |
Isaac Hosojiro Harris | director | 310 W 113TH ST # 801, NEW YORK NY 10026-3389 |
Vincent Retort | officer: EVP, Chief Operating Officer | 400 MCCARTHY BLVD, MILPITAS CA 95035 |
Harold L Covert | director | 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035 |
Jason Reinhardt | officer: EVP, Global Sales | 400 N. MCCARTHY BLVD, MILPITAS CA 95035 |
Janet S. Wong | director | 2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576 |
Samuel F Thomas | director | 400 N MCCARTHY BLVD, MILPITAS CA 95035 |
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