Lightwave Logic (Lightwave Logic) ROCE % : -55.16% (As of Dec. 2023)

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What is Lightwave Logic 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. Lightwave Logic's annualized ROCE % for the quarter that ended in Dec. 2023 was -55.16%.

Lightwave Logic ROCE % Historical Data

The historical data trend for Lightwave Logic'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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Lightwave Logic ROCE % Chart

Lightwave Logic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-116.12

-107.66

-105.97

-64.19

-63.40

Lightwave Logic Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-72.20	-71.49	-61.38	-55.34	-55.16

Lightwave Logic ROCE % Calculation

Lightwave Logic'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 )
	=	-21.225	/	( ( (29.263 - 1.504)	+	(41.784 - 2.583) )	/ 2 )
	=	-21.225	/	( (27.759	+	39.201)	/ 2 )
	=	-21.225	/	33.48
	=	-63.40 %

Lightwave Logic'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-21.356	/	( ( (39.104 - 0.872)	+	(41.784 - 2.583) )	/ 2 )
	=	-21.356	/	( ( 38.232	+	39.201 )	/ 2 )
	=	-21.356	/	38.7165
	=	-55.16 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Lightwave Logic (NAS:LWLG) 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.

Lightwave Logic ROCE % Related Terms

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Lightwave Logic (Lightwave Logic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lightwave Logic Inc (NAS:LWLG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

369 Inverness Parkway, Suite 350, Englewood, CO, USA, 80112

Website

https://www.lightwavelogic.com

Lightwave Logic Inc is a United States-based development stage company moving toward commercialization of next-generation electro-optic photonic devices made on its P2IC technology platform which uses in-house proprietary high-activity and high-stability organic polymers. Electro-optical devices convert data from electric signals into optical signals for multiple applications. It designs and synthesizes organic chromophores for use in its own proprietary electro-optic polymer systems and photonic device designs.

Executives

Frederick J Leonberger	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Ronald A Bucchi	director	C/O FIRST CONNECTICUT BANCORP, INC., ONE FARM GLEN BOULEVARD, FARMINGTON CT 06032
Laila Partridge	director	78 BLANCHARD ROAD, BURLINGTON MA 01803
Siraj Nour El-ahmadi	director	4331 WOODCREST LANE, DALLAS TX 75206
Michael Stephen Lebby	director	680 MISSION STREET, 24F, SAN FRANCISCO CA 94105
Craig Ciesla	director	369 INVERNESS PARKWAY, SUITE 350, ENGLEWOOD CO 80112
Thomas Edward Zelibor	director	1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501
George Lauro	director	110 KENSINGTON DRIVE, SARATOGA CA 02021
Louis Charles Glasgow	officer: Chief Technology Officer	1693 YARDLEY DRIVE, WEST CHESTER PA 19380
Joseph A Miller	director	ONE RIVERFRONT PLZ, CORNING NY 14831
Goetz Frederick J Jr	director, 10 percent owner, officer: President	121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713
Phillips W Smith	director, officer: Chair of Board of Directors	7860 EAST MCCLAIN DRIVE, SUITE 2, SCOTTSDALE AZ 85260-1627
Thomas P Smith	director	7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
James S. Marcelli	director, officer: Chief Executive Officer	1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501
Ross W. Fasick	director	121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713