Lindsay (Lindsay) ROCE %

: 14.96% (As of Feb. 2024)

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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. Lindsay's annualized ROCE % for the quarter that ended in Feb. 2024 was 14.96%.

Lindsay ROCE % Historical Data

The historical data trend for Lindsay'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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Lindsay Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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1.64

12.10

11.40

17.57

17.97

Lindsay Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															18.85	18.29	17.20	14.21	14.96

Lindsay ROCE % Calculation

Lindsay's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	104.163	/	( ( (710.653 - 160.942)	+	(745.66 - 136.108) )	/ 2 )
	=	104.163	/	( (549.711	+	609.552)	/ 2 )
	=	104.163	/	579.6315
	=	17.97 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	94.108	/	( ( (763.918 - 141.971)	+	(765.28 - 129.278) )	/ 2 )
	=	94.108	/	( ( 621.947	+	636.002 )	/ 2 )
	=	94.108	/	628.9745
	=	14.96 %

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

Lindsay (NYSE:LNN) 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.

Lindsay ROCE % Related Terms

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Lindsay (Lindsay) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lindsay Corp (NYSE:LNN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LMF:Germany LMF:Germany

Address

18135 Burke Street, Suite 100, Omaha, NE, USA, 68022

Website

https://www.lindsay.com

Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.

Executives

Si Pablo Di	director	18135 BURKE ST., SUITE 100, OMAHA NE 68022
James Scott Marion	officer: President - Infrastructure Div	2222 NORTH 111TH ST, OMAHA NE 68164
Michael Nahl	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Ibrahim Gokcen	director	18135 BURKE ST., SUITE 100, OMAHA NE 68022
Michael Christodolou	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Gustavo E Oberto	officer: President - Irrigation	18135 BURKE ST., SUITE 100, OMAHA NE 68022
Michael D Walter	director	ONE CONAGRA DRIVE, OMAHA NE 68102
Randy A Wood	officer: Pres - Agricultural Irrigation	2222 N 111TH STREET, OMAHA NE 68164
Mary A Lindsey	director	6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Bill Welsh	director	2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Madere Consuelo E.	director	800 N. LINDBERGH BLVD., ST. LOUIS MO 63167
David B Downing	officer: Vice President & CFO	2707 N. 108TH ST., SUITE 102, OMAHA NE 68164
Timothy L Hassinger	director, officer: President and CEO	2222 NORTH 111TH ST, OMAHA NE 68164
Rick Parod	officer: President & CEO	2707 N 108TH STREET STE102, OMAHA NE 68164
Brian L Ketcham	officer: Vice President and CFO	2222 N 111TH STREET, OMAHA NE 68164