I Love Lund AB (XSAT:LOVE B) ROCE % : -18.87% (As of Mar. 2024)

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What is I Love Lund AB 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. I Love Lund AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -18.87%.

I Love Lund AB ROCE % Historical Data

The historical data trend for I Love Lund AB'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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I Love Lund AB ROCE % Chart

I Love Lund AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-3.89

-4.21

-23.29

-7.28

I Love Lund AB Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					-21.32	-27.61	30.96	-11.16	-18.87

I Love Lund AB ROCE % Calculation

I Love Lund AB'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 )
	=	-3.29	/	( ( (47.031 - 0.211)	+	(43.799 - 0.271) )	/ 2 )
	=	-3.29	/	( (46.82	+	43.528)	/ 2 )
	=	-3.29	/	45.174
	=	-7.28 %

I Love Lund AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-8.024	/	( ( (43.799 - 0.271)	+	(41.788 - 0.266) )	/ 2 )
	=	-8.024	/	( ( 43.528	+	41.522 )	/ 2 )
	=	-8.024	/	42.525
	=	-18.87 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

I Love Lund AB (XSAT:LOVE B) 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.

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I Love Lund AB (XSAT:LOVE B) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Hospitalsgatan 2, Lund, SWE, 223 53

Website

https://www.ilovelund.se

I Love Lund AB is an investment company that invests in companies based in Lund. It invests broadly across all sectors and with the main focus on pre-seed companies. The portfolio's return objective is to achieve a return over a business cycle that is as good as equivalent references.

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