Limitless Earth (LSE:LME) ROCE % : -15.82% (As of Jul. 2023)

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What is Limitless Earth 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. Limitless Earth's annualized ROCE % for the quarter that ended in Jul. 2023 was -15.82%.

Limitless Earth ROCE % Historical Data

The historical data trend for Limitless Earth'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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Limitless Earth ROCE % Chart

Limitless Earth Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-6.16

-7.03

-7.83

-21.88

-41.59

Limitless Earth Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
ROCE %	Get a 7-Day Free Trial														-7.37	-36.82	-16.80	-65.31	-15.82

Limitless Earth ROCE % Calculation

Limitless Earth's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.553	/	( ( (1.636 - 0.069)	+	(1.251 - 0.159) )	/ 2 )
	=	-0.553	/	( (1.567	+	1.092)	/ 2 )
	=	-0.553	/	1.3295
	=	-41.59 %

Limitless Earth's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jan. 2023 )		(Q: Jul. 2023 )
	=	-0.176	/	( ( (1.251 - 0.159)	+	(1.282 - 0.149) )	/ 2 )
	=	-0.176	/	( ( 1.092	+	1.133 )	/ 2 )
	=	-0.176	/	1.1125
	=	-15.82 %

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

Limitless Earth (LSE:LME) 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.

Limitless Earth ROCE % Related Terms

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Limitless Earth (LSE:LME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Limitless Earth PLC (LSE:LME) » Definitions » ROCE %

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Address

Northside House, Mount Pleasant, Suite 2, Barnet, Hertfordshire, GBR, EN4 9EB

Website

https://www.limitlessearthplc.com

Limitless Earth PLC is an investment company. The company intends to focus initially on projects located in Europe but will also consider investments in other geographical regions. The company has one operating segment, which is the investment in companies or assets in the natural resources, agribusiness sectors & information technology, and blockchain sectors.

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