LC-Tec Holding AB (NGM:LCT) ROCE %

: -177.51% (As of Sep. 2023)

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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. LC-Tec Holding AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -177.51%.

LC-Tec Holding AB ROCE % Historical Data

The historical data trend for LC-Tec Holding 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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LC-Tec Holding AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

18.25

-19.61

-27.93

-14.92

-100.91

LC-Tec Holding AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																-60.25	10.79	-143.64	-173.62	-177.51

LC-Tec Holding AB ROCE % Calculation

LC-Tec Holding 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 )
	=	-9.556	/	( ( (14.104 - 5.233)	+	(16.158 - 6.09) )	/ 2 )
	=	-9.556	/	( (8.871	+	10.068)	/ 2 )
	=	-9.556	/	9.4695
	=	-100.91 %

LC-Tec Holding AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-8.128	/	( ( (16.943 - 12.774)	+	(15.787 - 10.798) )	/ 2 )
	=	-8.128	/	( ( 4.169	+	4.989 )	/ 2 )
	=	-8.128	/	4.579
	=	-177.51 %

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

LC-Tec Holding AB (NGM:LCT) 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.

LC-Tec Holding AB ROCE % Related Terms

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LC-Tec Holding AB (NGM:LCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LC-Tec Holding AB (NGM:LCT) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Tunavagen 281, Borlange, SWE, 781 73

Website

http://www.lc-tec.se

LC-Tec Holding AB is a technology company. The company design and manufacture optical components based on liquid crystal technology (LC). Its products inlcude optical shutters, variable ND filters, polarization modulators, variable retarders, and information displays. The group applications are used 3D projections, direct-view 3D displays, photography and videography, industrial cameras and machine vision, smart eyewear, welding, laser attenuation, and research and development applications.

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