Leader Environmental Technologies (SGX:LS9) ROCE % : -21.70% (As of Dec. 2023)

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What is Leader Environmental Technologies 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. Leader Environmental Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.70%.

Leader Environmental Technologies ROCE % Historical Data

The historical data trend for Leader Environmental Technologies'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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Leader Environmental Technologies ROCE % Chart

Leader Environmental Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-34.00

-179.59

8.11

-9.27

-23.46

Leader Environmental Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.32	-4.95	-13.84	-25.42	-21.70

Leader Environmental Technologies ROCE % Calculation

Leader Environmental Technologies'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 )
	=	-8.227	/	( ( (41.104 - 9.136)	+	(47.47 - 9.3) )	/ 2 )
	=	-8.227	/	( (31.968	+	38.17)	/ 2 )
	=	-8.227	/	35.069
	=	-23.46 %

Leader Environmental Technologies'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 )
	=	-7.97	/	( ( (51.736 - 16.456)	+	(47.47 - 9.3) )	/ 2 )
	=	-7.97	/	( ( 35.28	+	38.17 )	/ 2 )
	=	-7.97	/	36.725
	=	-21.70 %

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

Leader Environmental Technologies (SGX:LS9) 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.

Leader Environmental Technologies ROCE % Related Terms

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Leader Environmental Technologies (SGX:LS9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leader Environmental Technologies Ltd (SGX:LS9) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guang Yuan Dong Road Bo Hui Street, No. 6 Block E Unit 608, Tian He District, Guangzhou, CHN

Website

https://www.leaderet.com

Leader Environmental Technologies Ltd is engaged in the research and development, design, manufacturing, assembly, installation and support services of environmental protection systems, primarily for industrial waste gas and wastewater treatments. The company operates in the segments of, (i) provision of engineering solution services in respect of sludge and water treatment, (ii) AIWater (ie. artificial intelligence technology in water treatment) and sludge treatment services, (iii) manufacturing of high-performance membrane products, and (iv) others.

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