LightPath Technologies (LightPath Technologies) ROCE % : -23.68% (As of Mar. 2024)

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What is LightPath Technologies 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. LightPath Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was -23.68%.

LightPath Technologies ROCE % Historical Data

The historical data trend for LightPath Technologies'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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LightPath Technologies ROCE % Chart

LightPath Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-3.78

4.94

-4.72

-5.50

-7.87

LightPath Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-9.25	-6.29	-10.65	-13.91	-23.68

LightPath Technologies ROCE % Calculation

LightPath Technologies's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.53	/	( ( (50.714 - 7.734)	+	(53.536 - 6.834) )	/ 2 )
	=	-3.53	/	( (42.98	+	46.702)	/ 2 )
	=	-3.53	/	44.841
	=	-7.87 %

LightPath Technologies'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 )
	=	-10.216	/	( ( (54.065 - 9.726)	+	(49.705 - 7.748) )	/ 2 )
	=	-10.216	/	( ( 44.339	+	41.957 )	/ 2 )
	=	-10.216	/	43.148
	=	-23.68 %

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

LightPath Technologies (NAS:LPTH) 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.

LightPath Technologies ROCE % Related Terms

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LightPath Technologies (LightPath Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LightPath Technologies Inc (NAS:LPTH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LPZB:Germany

Address

2603 Challenger Tech Court, Suite 100, Orlando, FL, USA, 32826

Website

https://www.lightpath.com

LightPath Technologies Inc is a manufacturer, distributor, and integrator of proprietary optical components and assemblies. It is also engaged in the research and development for optical solutions for the traditional optics markets and communications markets. The company's business based on the following product groups: precision molded optics, specialty products, and infrared products. It currently serves the following major markets, distribution and catalog, laser, industrial, instrumentation, telecommunications, and defense.

Executives

Albert Miranda	officer: Chief Financial Officer	1102 DUNCAN CR., UNIT 203, PALM BEACH GARDENS FL 33418
Shmuel Rubin	director, officer: Chief Executive Officer	12619 OXON ROAD, HERNDON VA 20171-1707
Louis Leeburg	director	LIGHTPATH TECHNOLOGIES INC, 6820 ACEDEMY PKWY EAST NE, ALBUQUERQUE NM 87109
Darcie Peck	director	2603 CHALLENGER TECH COURT, SUITE 100, ORLANDO FL 32826
Steven E Creviston	director
Retreage Donald O'connor Jr	officer: CFO	2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Brueck Steven R J	director	2603 CHALLENGER TECH CT., SUITE 100, ., ORLANDO FL 32826
Robert Ripp	director	920 ORCHID POINT WAY, VERO BEACH FL 32963
Gaynor Joseph J Jr	officer: VICE PRESIDENT
Joseph Menaker	director	2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Alan Symmons	officer: VP Engineering	2603 CHALLENGER TECH CT, SUITE 100, ORLANDO FL 32826
Dorothy M Cipolla	officer: CFO & Secretary	6848 STAPOINT CT, WINTER PARK FL 32792
Sohail A Khan	director	1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Craig T Dunham	director	DYNASIL CORPORATION, 385 COOPER ROAD, WEST BERLIN NJ 08091
Xudong Zhu	director, 10 percent owner	13 BUILDING, NO. 439, CHUNXIAO RD., ZHANGJIANG HIGH-TECH PARK, PUDONG, SHANGHAI F4 201203