LFG Investment Holdings (HKSE:03938) ROCE % : 16.28% (As of Sep. 2023)

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What is LFG Investment 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. LFG Investment Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.28%.

LFG Investment Holdings ROCE % Historical Data

The historical data trend for LFG Investment 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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LFG Investment Holdings ROCE % Chart

LFG Investment Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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137.41

19.40

10.55

-0.02

-10.96

LFG Investment Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial								12.09	-12.25	-11.42	-10.55	16.28

LFG Investment Holdings ROCE % Calculation

LFG Investment Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-17.771	/	( ( (314.017 - 138.007)	+	(261.583 - 113.209) )	/ 2 )
	=	-17.771	/	( (176.01	+	148.374)	/ 2 )
	=	-17.771	/	162.192
	=	-10.96 %

LFG Investment Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	25.02	/	( ( (261.583 - 113.209)	+	(271.659 - 112.589) )	/ 2 )
	=	25.02	/	( ( 148.374	+	159.07 )	/ 2 )
	=	25.02	/	153.722
	=	16.28 %

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

LFG Investment Holdings (HKSE:03938) 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.

LFG Investment Holdings ROCE % Related Terms

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LFG Investment Holdings (HKSE:03938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LFG Investment Holdings Ltd (HKSE:03938) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Queen’s Road Central, Room 1601, 16th Floor China Building, Hong Kong, HKG

Website

https://www.legogroup.hk/en/index.php

LFG Investment Holdings Ltd is a financial services provider in Hong Kong, that engages in the provision of corporate finance advisory services; underwriting services; securities dealing and brokerage services; securities financing services; and asset management services. The company generates maximum revenue from Corporate finance advisory services.

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