Lifeclean International AB (OSTO:LCLEAN) ROCE % : -240.48% (As of Mar. 2024)

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What is Lifeclean International 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. Lifeclean International AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -240.48%.

Lifeclean International AB ROCE % Historical Data

The historical data trend for Lifeclean International 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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Lifeclean International AB ROCE % Chart

Lifeclean International AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-55.86

-6.81

-70.39

-143.62

Lifeclean International AB Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-61.41	-68.78	-97.10	-199.62	-240.48

Lifeclean International AB ROCE % Calculation

Lifeclean International 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 )
	=	-41.12	/	( ( (76.372 - 39.918)	+	(68.606 - 47.796) )	/ 2 )
	=	-41.12	/	( (36.454	+	20.81)	/ 2 )
	=	-41.12	/	28.632
	=	-143.62 %

Lifeclean International 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 )
	=	-55.588	/	( ( (68.606 - 47.796)	+	(81.538 - 56.118) )	/ 2 )
	=	-55.588	/	( ( 20.81	+	25.42 )	/ 2 )
	=	-55.588	/	23.115
	=	-240.48 %

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

Lifeclean International AB (OSTO:LCLEAN) 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.

Lifeclean International AB ROCE % Related Terms

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Lifeclean International AB (OSTO:LCLEAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lifeclean International AB (OSTO:LCLEAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

651:Germany

Address

Karrastrandvagen 124B, Uddevalla, SWE, 451 76

Website

https://www.lifeclean.se

Lifeclean International AB is engaged in research, production, marketing and sales of disinfectant products and offers a patented disinfectant for equipment and surfaces such as floors, walls, furniture and general roof surfaces. The company's product LifeClean Disinfectant that cleans spores, viruses, bacteria, fungi, parasites and biofilm, without leaving residues and preventing the development of multi-resistant organisms.

Lifeclean International AB (OSTO:LCLEAN) Headlines

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