Luceco (LSE:LUCE) ROCE % : 14.94% (As of Jun. 2024)

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What is Luceco 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. Luceco's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.94%.

Luceco ROCE % Historical Data

The historical data trend for Luceco'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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Luceco ROCE % Chart

Luceco Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.75

40.61

30.67

10.69

17.80

Luceco Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													7.92	11.80	11.54	22.95	14.94

Luceco ROCE % Calculation

Luceco'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 )
	=	22.2	/	( ( (178.1 - 54.1)	+	(176.8 - 51.4) )	/ 2 )
	=	22.2	/	( (124	+	125.4)	/ 2 )
	=	22.2	/	124.7
	=	17.80 %

Luceco's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	20.2	/	( ( (176.8 - 51.4)	+	(202.3 - 57.2) )	/ 2 )
	=	20.2	/	( ( 125.4	+	145.1 )	/ 2 )
	=	20.2	/	135.25
	=	14.94 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Luceco (LSE:LUCE) 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.

Luceco ROCE % Related Terms

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Luceco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luceco PLC (LSE:LUCE) » Definitions » ROCE %

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LUCEl:UK 2LC:Germany

Address

Building E Stafford Park 1, Stafford Park, Telford, Shropshire, GBR, TF3 3BD

Website

https://www.lucecoplc.com

Luceco PLC is activities are in the manufacturing and supply of Wiring Accessories, LED Lighting, and Portable Power equipment. The company generates the majority of its revenue from the sale of Wiring Accessories that supply goods in the form of Wiring Accessories to trade and specialists. It has a presence in the United Kingdom, Europe, the Middle East & Africa, the Americas, and the Asia Pacific and generates the majority of its revenue from the UK.

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