Livestock Improvement (NZSE:LIC) ROCE % : -15.40% (As of May. 2024)

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What is Livestock Improvement 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. Livestock Improvement's annualized ROCE % for the quarter that ended in May. 2024 was -15.40%.

Livestock Improvement ROCE % Historical Data

The historical data trend for Livestock Improvement'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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Livestock Improvement ROCE % Chart

Livestock Improvement Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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5.98

9.51

3.83

10.60

3.95

Livestock Improvement Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
ROCE %	Get a 7-Day Free Trial															-20.26	26.64	-6.19	22.21	-15.40

Livestock Improvement ROCE % Calculation

Livestock Improvement's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	13.135	/	( ( (382.291 - 39.841)	+	(358.608 - 36.316) )	/ 2 )
	=	13.135	/	( (342.45	+	322.292)	/ 2 )
	=	13.135	/	332.371
	=	3.95 %

Livestock Improvement's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Nov. 2023 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Nov. 2023 )		(Q: May. 2024 )
	=	-54.34	/	( ( (410.543 - 27.246)	+	(358.608 - 36.316) )	/ 2 )
	=	-54.34	/	( ( 383.297	+	322.292 )	/ 2 )
	=	-54.34	/	352.7945
	=	-15.40 %

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

Livestock Improvement (NZSE:LIC) 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.

Livestock Improvement ROCE % Related Terms

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Livestock Improvement Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Livestock Improvement Corp Ltd (NZSE:LIC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

605 Ruakura Road, Newstead, Hamilton, NTL, NZL, 3286

Website

https://www.lic.co.nz

Livestock Improvement Corp Ltd is an agri-tech and herd improvement company. The company's operating segments include NZ market genetics; Herd testing; Farm software and Diagnostics. It generates maximum revenue from the NZ market genetics segment. The NZ market genetics segment provides bovine genetic breeding material and related services, predominately to dairy farmers. Geographically, it derives a majority of revenue from New Zealand.

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