Lighthouse Properties (JSE:LTE) ROCE % : 74.76% (As of Dec. 2023)

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What is Lighthouse Properties 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. Lighthouse Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was 74.76%.

Lighthouse Properties ROCE % Historical Data

The historical data trend for Lighthouse Properties'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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Lighthouse Properties ROCE % Chart

Lighthouse Properties Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Dec21

Dec22

Dec23

ROCE %

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5.70

-3.38

-6.87

7.21

42.88

Lighthouse Properties Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												10.35	6.52	7.35	7.88	74.76

Lighthouse Properties ROCE % Calculation

Lighthouse Properties's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	7840.243	/	( ( (15392.801 - 910.513)	+	(24551.305 - 2464.366) )	/ 2 )
	=	7840.243	/	( (14482.288	+	22086.939)	/ 2 )
	=	7840.243	/	18284.6135
	=	42.88 %

Lighthouse Properties's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	14455.842	/	( ( (17546.595 - 961.021)	+	(24551.305 - 2464.366) )	/ 2 )
	=	14455.842	/	( ( 16585.574	+	22086.939 )	/ 2 )
	=	14455.842	/	19336.2565
	=	74.76 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Lighthouse Properties (JSE:LTE) 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.

Lighthouse Properties ROCE % Related Terms

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Lighthouse Properties (JSE:LTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lighthouse Properties PLC (JSE:LTE) » Definitions » ROCE %

Comparable Companies

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87O:Germany

Address

IL-Piazzetta, Tower Road, 4th Floor, Office 41, Block A, Sliema, MLT, SLM 1605

Website

https://www.lighthouse.mt

Lighthouse Properties PLC is engaged in investing in direct property and infrastructure assets as well as in listed real estate and infrastructure securities. The firm operates in three segments: Listed infrastructure, Listed real estate, and Direct property out of which the Direct property segment accounts for the majority of revenue.

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