Lytone Enterprise (ROCO:1293) ROCE % : 18.47% (As of Dec. 2023)

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What is Lytone Enterprise 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. Lytone Enterprise's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.47%.

Lytone Enterprise ROCE % Historical Data

The historical data trend for Lytone Enterprise'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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Lytone Enterprise ROCE % Chart

Lytone Enterprise Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.20

39.95

27.79

20.98

16.53

Lytone Enterprise Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						25.56	21.08	20.28	16.62	18.47

Lytone Enterprise ROCE % Calculation

Lytone Enterprise'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 )
	=	42.859	/	( ( (362.487 - 136.857)	+	(444.221 - 151.193) )	/ 2 )
	=	42.859	/	( (225.63	+	293.028)	/ 2 )
	=	42.859	/	259.329
	=	16.53 %

Lytone Enterprise'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 )
	=	48.07	/	( ( (370.024 - 142.66)	+	(444.221 - 151.193) )	/ 2 )
	=	48.07	/	( ( 227.364	+	293.028 )	/ 2 )
	=	48.07	/	260.196
	=	18.47 %

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

Lytone Enterprise (ROCO:1293) 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.

Lytone Enterprise ROCE % Related Terms

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Lytone Enterprise (ROCO:1293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lytone Enterprise Inc (ROCO:1293) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 169, Kangning Street, Suite 1, 13th Floor, No. 31-1, Xizhi District, New Taipei City, TWN, 22180

Website

https://www.lytone.com

Lytone Enterprise Inc is a provider of science-based solutions, data-driven technologies, and services to enhance the quality and extend the shelf life of fresh produce. It supports growers, packers, and retailers by providing post-harvest solutions at different stages of the supply chain from the farm to the market.

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