Lindblad Expeditions Holdings (STU:LI4) ROCE % : 5.97% (As of Mar. 2024)

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What is Lindblad Expeditions Holdings 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. Lindblad Expeditions Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.97%.

Lindblad Expeditions Holdings ROCE % Historical Data

The historical data trend for Lindblad Expeditions Holdings'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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Lindblad Expeditions Holdings ROCE % Chart

Lindblad Expeditions Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.88

-18.61

-17.62

-13.58

1.50

Lindblad Expeditions Holdings 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															11.39	-9.89	15.26	-10.17	5.97

Lindblad Expeditions Holdings ROCE % Calculation

Lindblad Expeditions Holdings'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 )
	=	6.679	/	( ( (743.848 - 322.017)	+	(762.299 - 292.728) )	/ 2 )
	=	6.679	/	( (421.831	+	469.571)	/ 2 )
	=	6.679	/	445.701
	=	1.50 %

Lindblad Expeditions Holdings'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 )
	=	28.036	/	( ( (762.299 - 292.728)	+	(798.595 - 328.951) )	/ 2 )
	=	28.036	/	( ( 469.571	+	469.644 )	/ 2 )
	=	28.036	/	469.6075
	=	5.97 %

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

Lindblad Expeditions Holdings (STU:LI4) 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.

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Lindblad Expeditions Holdings (STU:LI4) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lindblad Expeditions Holdings Inc (STU:LI4) » Definitions » ROCE %

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LIND:USA

Address

96 Morton Street, 9th Floor, New York, NY, USA, 10014

Website

https://www.expeditions.com

Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.

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