Light & Wonder (Light & Wonder) ROCE % : 11.38% (As of Dec. 2023)

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What is Light & Wonder 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. Light & Wonder's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.38%.

Light & Wonder ROCE % Historical Data

The historical data trend for Light & Wonder'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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Light & Wonder ROCE % Chart

Light & Wonder Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.03

-4.24

2.62

2.67

10.04

Light & Wonder Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.31	7.50	7.28	12.92	11.38

Light & Wonder ROCE % Calculation

Light & Wonder'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 )
	=	514	/	( ( (6009 - 622)	+	(5552 - 696) )	/ 2 )
	=	514	/	( (5387	+	4856)	/ 2 )
	=	514	/	5121.5
	=	10.04 %

Light & Wonder'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	576	/	( ( (5887 - 619)	+	(5552 - 696) )	/ 2 )
	=	576	/	( ( 5268	+	4856 )	/ 2 )
	=	576	/	5062
	=	11.38 %

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

Light & Wonder (NAS:LNW) 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.

Light & Wonder ROCE % Related Terms

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Light & Wonder (Light & Wonder) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Light & Wonder Inc (NAS:LNW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TJW0:Germany LNW:Australia

Address

6601 Bermuda Road, Las Vegas, NV, USA, 89119

Website

https://www.lnw.com

Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the top three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about a quarter of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.

Executives

Vanja Kalabic	officer: Chief Accounting Officer	LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89118
Maria T Vullo	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Antonia Korsanos	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Oliver Chow	officer: Interim CFO	LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Hamish Mclennan	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Jamie Odell	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA RD, LAS VEGAS NV 89119
Fine Capital Partners, L.p.	10 percent owner	3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Michael J Regan	director	14 BRENNER PLACE, DEMAREST NJ 07627
Siobhan Lane	officer: EVP & Grp Chief Exec of Gaming	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Stephen W Morro	director	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Debra Fine	10 percent owner	590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
Fine Capital Advisors, Llc	10 percent owner	590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
James Constance P.	officer: EVP, CFO, Treas & Corp Sec	C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Virginia E Shanks	director	4170 CAUGHLIN PARKWAY, RENO NV 89519
Ronald O Perelman	director, 10 percent owner	35 EAST 62ND STREET, NEW YORK NY 10021