Logistec (TSX:LGT.B) ROCE % : 14.08% (As of Sep. 2023)

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What is Logistec 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. Logistec's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.08%.

Logistec ROCE % Historical Data

The historical data trend for Logistec'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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Logistec ROCE % Chart

Logistec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.41

8.49

8.69

9.71

10.52

Logistec Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															21.85	11.44	-3.76	6.68	14.08

Logistec ROCE % Calculation

Logistec'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 )
	=	80.235	/	( ( (898.971 - 181.427)	+	(983.672 - 175.382) )	/ 2 )
	=	80.235	/	( (717.544	+	808.29)	/ 2 )
	=	80.235	/	762.917
	=	10.52 %

Logistec'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 )
	=	131.292	/	( ( (1131.549 - 237.756)	+	(1189.031 - 217.846) )	/ 2 )
	=	131.292	/	( ( 893.793	+	971.185 )	/ 2 )
	=	131.292	/	932.489
	=	14.08 %

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

Logistec (TSX:LGT.B) 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.

Logistec ROCE % Related Terms

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Logistec (TSX:LGT.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistec Corp (TSX:LGT.B) » Definitions » ROCE %

Traded in Other Exchanges

LTKBF:USA LGT.A:Canada

Address

600 De La Gauchetiere Street West, 14th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.logistec.com

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities. The company is organized and operate in two industry segments: Marine services, and Environmental services. The Marine Services Segment which is the key revenue-generating segment provides cargo handling and other services to marine and industrial customers. It has a business presence in Canada and the US.

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