DFNS.WS (LGL Systems Acquisition) ROCE % : -0.74% (As of Jun. 2021)

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What is LGL Systems Acquisition 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. LGL Systems Acquisition's annualized ROCE % for the quarter that ended in Jun. 2021 was -0.74%.

LGL Systems Acquisition ROCE % Historical Data

The historical data trend for LGL Systems Acquisition'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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LGL Systems Acquisition ROCE % Chart

LGL Systems Acquisition Annual Data

Trend

Dec19

Dec20

ROCE %

-0.36

LGL Systems Acquisition Semi-Annual Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial				-0.08	-0.08	-0.10	-0.65	-0.74

LGL Systems Acquisition ROCE % Calculation

LGL Systems Acquisition's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-0.63	/	( ( (173.902 - 0.214)	+	(174.077 - 0.247) )	/ 2 )
	=	-0.63	/	( (173.688	+	173.83)	/ 2 )
	=	-0.63	/	173.759
	=	-0.36 %

LGL Systems Acquisition's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-1.278	/	( ( (173.888 - 1.136)	+	(173.54 - 2.118) )	/ 2 )
	=	-1.278	/	( ( 172.752	+	171.422 )	/ 2 )
	=	-1.278	/	172.087
	=	-0.74 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2021) EBIT data.

LGL Systems Acquisition (NYSE:DFNS.WS) 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.

LGL Systems Acquisition ROCE % Related Terms

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