Lanxess AG (WBO:LXS) ROCE % : -5.46% (As of Sep. 2023)

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What is Lanxess AG 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. Lanxess AG's annualized ROCE % for the quarter that ended in Sep. 2023 was -5.46%.

Lanxess AG ROCE % Historical Data

The historical data trend for Lanxess AG'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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Lanxess AG ROCE % Chart

Lanxess AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.43

6.27

16.27

3.18

4.08

Lanxess AG 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															6.05	0.61	2.02	-6.38	-5.46

Lanxess AG ROCE % Calculation

Lanxess AG'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 )
	=	347	/	( ( (10528 - 2379)	+	(11281 - 2420) )	/ 2 )
	=	347	/	( (8149	+	8861)	/ 2 )
	=	347	/	8505
	=	4.08 %

Lanxess AG'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 )
	=	-516	/	( ( (10808 - 1323)	+	(10576 - 1155) )	/ 2 )
	=	-516	/	( ( 9485	+	9421 )	/ 2 )
	=	-516	/	9453
	=	-5.46 %

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

Lanxess AG (WBO:LXS) 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.

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Lanxess AG (WBO:LXS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lanxess AG (WBO:LXS) » Definitions » ROCE %

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Traded in Other Exchanges

LNXSY:USA LNXSF:USA 1LXS:Italy LXSd:UK 0H7I:UK LX9B:Germany LXS:Germany LXS:Germany LXS:Germany LXS:Germany

Address

Kennedyplatz 1, Cologne, DEU, 50569

Website

https://www.lanxess.com

Lanxess is a German chemical company that was originally spun out of Bayer. Lanxess has visibly decommoditised its portfolio in recent years by divesting its synthetic rubber business and is moving toward becoming a specialty chemicals company in the fields of consumer protection chemicals, specialty additives, intermediates, and engineering plastics.

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