Latham Group (Latham Group) ROCE % : -3.43% (As of Dec. 2023)

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What is Latham Group 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. Latham Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.43%.

Latham Group ROCE % Historical Data

The historical data trend for Latham Group'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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Latham Group ROCE % Chart

Latham Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

5.35

7.98

-4.72

4.03

2.72

Latham Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-9.30	-3.23	7.51	9.64	-3.43

Latham Group ROCE % Calculation

Latham Group'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 )
	=	20.856	/	( ( (869.683 - 86.865)	+	(835.003 - 86.206) )	/ 2 )
	=	20.856	/	( (782.818	+	748.797)	/ 2 )
	=	20.856	/	765.8075
	=	2.72 %

Latham Group'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 )
	=	-26.224	/	( ( (865.485 - 86.941)	+	(835.003 - 86.206) )	/ 2 )
	=	-26.224	/	( ( 778.544	+	748.797 )	/ 2 )
	=	-26.224	/	763.6705
	=	-3.43 %

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

Latham Group (NAS:SWIM) 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.

Latham Group ROCE % Related Terms

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Latham Group (Latham Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Latham Group Inc (NAS:SWIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

787 Watervliet Shaker Road, Latham, NY, USA, 12110

Website

https://www.lathampool.com

Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.

Executives

Oliver C. Gloe	officer: VICE PRESIDENT, FINANCE	C/O LATHAM GROUP, 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Scott Michael Rajeski	director, officer: Chief Executive Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Melissa Claire Feck	officer: Chief Human Resources Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Patrick M Sheller	officer: General Counsel & Secretary	343 STATE STREET, ROCHESTER NY 14650
J Mark Borseth	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
James E Cline	director	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Joshua D. Cowley	officer: Chief Commercial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Suraj Kunchala	officer: Vice President & Controller	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Brian Patrick Pratt	director	112 E. 17TH ST., NEW YORK NY 10003
Delu Jackson	director	650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311
Sanjeev Bahl	officer: COO Latham Pool Products, Inc.	C/O LATHAM GROUP, INC., 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Mark Phillip Laven	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Masson Robert L. Ii	officer: Chief Financial Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Dane L. Derbyshire	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Jeff Arnold Leake	officer: Chief Operating Officer	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110