Lechwerke AG (FRA:LEC) ROCE % : 25.42% (As of Dec. 2023)

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What is Lechwerke AG 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. Lechwerke AG's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.42%.

Lechwerke AG ROCE % Historical Data

The historical data trend for Lechwerke AG'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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Lechwerke AG ROCE % Chart

Lechwerke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.31

28.82

24.65

20.92

39.78

Lechwerke AG 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															31.51	15.66	31.07	56.68	25.42

Lechwerke AG ROCE % Calculation

Lechwerke AG'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 )
	=	209.938	/	( ( (1780.543 - 1278.39)	+	(1776.241 - 1222.926) )	/ 2 )
	=	209.938	/	( (502.153	+	553.315)	/ 2 )
	=	209.938	/	527.734
	=	39.78 %

Lechwerke AG'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 )
	=	134.516	/	( ( (1711.221 - 1206.393)	+	(1776.241 - 1222.926) )	/ 2 )
	=	134.516	/	( ( 504.828	+	553.315 )	/ 2 )
	=	134.516	/	529.0715
	=	25.42 %

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

Lechwerke AG (FRA:LEC) 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.

Lechwerke AG ROCE % Related Terms

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Lechwerke AG (FRA:LEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Lechwerke AG (FRA:LEC) » Definitions » ROCE %

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LEC:Germany

Address

Schaezlerstrasse 3, Augsburg, DEU, 86150

Website

http://www.lew.de

Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.

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