London & Associated Properties (LSE:LAS) ROCE % : 2.73% (As of Dec. 2023)

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What is London & Associated Properties 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. London & Associated Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.73%.

London & Associated Properties ROCE % Historical Data

The historical data trend for London & Associated Properties'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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London & Associated Properties ROCE % Chart

London & Associated Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.56

-8.90

6.30

56.83

0.23

London & Associated Properties 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															11.17	75.38	42.31	-2.09	2.73

London & Associated Properties ROCE % Calculation

London & Associated Properties'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 )
	=	0.162	/	( ( (118.924 - 43.789)	+	(97.641 - 32.84) )	/ 2 )
	=	0.162	/	( (75.135	+	64.801)	/ 2 )
	=	0.162	/	69.968
	=	0.23 %

London & Associated Properties'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 )
	=	1.834	/	( ( (109.955 - 40.632)	+	(97.641 - 32.84) )	/ 2 )
	=	1.834	/	( ( 69.323	+	64.801 )	/ 2 )
	=	1.834	/	67.062
	=	2.73 %

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

London & Associated Properties (LSE:LAS) 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.

London & Associated Properties ROCE % Related Terms

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London & Associated Properties (LSE:LAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » London & Associated Properties PLC (LSE:LAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Little Portland Street, 2nd Floor, London, GBR, W1W 8BJ

Website

https://www.lap.co.uk

London & Associated Properties PLC is a property investment company specializing in retail. It directly owns a portfolio of shopping centres and other retail property. The company also invests in joint ventures with institutional co-owners. Its business segments include LAP operations, Bisichi operations, and Dragon operations. LAP is focused on property activities but it also holds and manages investments. Bisichi is a coal mining company with operations in South Africa and also holds investment property in the UK and derives income from property rentals. Dragon Retail Property segment is a property investment company and derives its income from property rentals. All the operations function through UK region.

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