Lithuanian Shipping Company PC (OVSE:LJL1L) ROCE % : -67.30% (As of Sep. 2015)

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What is Lithuanian Shipping Company PC 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. Lithuanian Shipping Company PC's annualized ROCE % for the quarter that ended in Sep. 2015 was -67.30%.

Lithuanian Shipping Company PC ROCE % Historical Data

The historical data trend for Lithuanian Shipping Company PC'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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Lithuanian Shipping Company PC ROCE % Chart

Lithuanian Shipping Company PC Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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-12.74

-22.17

-9.21

-33.54

-18.89

Lithuanian Shipping Company PC Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROCE %	Get a 7-Day Free Trial															-34.25	4.99	-63.08	-56.68	-67.30

Lithuanian Shipping Company PC ROCE % Calculation

Lithuanian Shipping Company PC's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-3.895	/	( ( (47.149 - 23.376)	+	(37.958 - 20.483) )	/ 2 )
	=	-3.895	/	( (23.773	+	17.475)	/ 2 )
	=	-3.895	/	20.624
	=	-18.89 %

Lithuanian Shipping Company PC's ROCE % of for the quarter that ended in Sep. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	-12.456	/	( ( (33.023 - 19.713)	+	(33.281 - 9.576) )	/ 2 )
	=	-12.456	/	( ( 13.31	+	23.705 )	/ 2 )
	=	-12.456	/	18.5075
	=	-67.30 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

Lithuanian Shipping Company PC (OVSE:LJL1L) 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.

Lithuanian Shipping Company PC ROCE % Related Terms

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Lithuanian Shipping Company PC (OVSE:LJL1L) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Lithuanian Shipping Company PC (OVSE:LJL1L) » Definitions » ROCE %

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Address

Website

http://www.ljl.lt

Lietuvos juru laivininkyste is a shipping company. It is engaged in carrying bulk, timber, general and container cargoes by sea transport and leasing ships. The Company owns a fleet of cargo vessels as well as ferries for transportation of cargoes.

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