Legacy Housing (Legacy Housing) ROCE % : 10.26% (As of Dec. 2023)

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What is Legacy Housing 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. Legacy Housing's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.26%.

Legacy Housing ROCE % Historical Data

The historical data trend for Legacy Housing'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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Legacy Housing ROCE % Chart

Legacy Housing Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.16

18.68

19.62

22.92

16.11

Legacy Housing 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															24.89	19.71	17.60	18.09	10.26

Legacy Housing ROCE % Calculation

Legacy Housing'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 )
	=	69.666	/	( ( (436.813 - 41.462)	+	(506.742 - 37.333) )	/ 2 )
	=	69.666	/	( (395.351	+	469.409)	/ 2 )
	=	69.666	/	432.38
	=	16.11 %

Legacy Housing'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 )
	=	47.236	/	( ( (495.643 - 43.952)	+	(506.742 - 37.333) )	/ 2 )
	=	47.236	/	( ( 451.691	+	469.409 )	/ 2 )
	=	47.236	/	460.55
	=	10.26 %

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

Legacy Housing (NAS:LEGH) 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.

Legacy Housing ROCE % Related Terms

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Legacy Housing (Legacy Housing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Legacy Housing Corp (NAS:LEGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1600 Airport Freeway, Suite No. 100, Bedford, TX, USA, 76022

Website

https://www.legacyhousingcorp.com

Legacy Housing Corp builds, sell, and finance manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and also sold directly to manufactured home communities. The company also provides financing options to customers to facilitate the sale of homes.

Executives

Curtis Drew Hodgson	director, 10 percent owner, officer: Co-Chief Executive Officer	15400 KNOLL TRAIL STE 101 LB 25, DALLAS TX 75248
Kenneth E Shipley	director, 10 percent owner, officer: Co-Chief Executive Officer	PO BOX 749, LEVELLAND TX 79336
William G Shipley	10 percent owner	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Robert Duncan Bates	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Douglas M Shipley	10 percent owner	PO BOX 749, LEVELLAND TX 79336
Jeffrey Mark Fiedelman	officer: CFO	7026 BAXTERSHIRE DRIVE, DALLAS TX 75230
Jeffrey V Burt	officer: CFO and Treasurer	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Francisco Javier Coll	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Ronald Carter Arrington	officer: CFO	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Joseph Phillip Lane	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Jeffrey Kyle Stouder	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Stephen Lynn Crawford	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Neal J Suit	officer: Exec VP, GC and Secretary	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Mark E Bennett	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Philip Thomas Blazek	director	500 CRESCENT COURT, SUITE 230, DALLAS TX 75201