Leo Holdings II (Leo Holdings II) ROCE % : -2.21% (As of Sep. 2023)

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What is Leo Holdings II 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. Leo Holdings II's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.21%.

Leo Holdings II ROCE % Historical Data

The historical data trend for Leo Holdings II'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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Leo Holdings II ROCE % Chart

Leo Holdings II Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-0.66

-0.31

Leo Holdings II Quarterly Data
	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial								-0.26	-0.36	-0.91	-2.74	-2.21

Leo Holdings II ROCE % Calculation

Leo Holdings II's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.153	/	( ( (375.648 - 0.067)	+	(380.377 - 0.621) )	/ 2 )
	=	-1.153	/	( (375.581	+	379.756)	/ 2 )
	=	-1.153	/	377.6685
	=	-0.31 %

Leo Holdings II'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.016	/	( ( (48.7 - 2.897)	+	(49.785 - 3.847) )	/ 2 )
	=	-1.016	/	( ( 45.803	+	45.938 )	/ 2 )
	=	-1.016	/	45.8705
	=	-2.21 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Leo Holdings II (NYSE:LHC) 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.

Leo Holdings II ROCE % Related Terms

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Leo Holdings II (Leo Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Leo Holdings Corp II (NYSE:LHC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LHC.U:USA

Address

South Ocean Boulevard, Albany Financial Center, Suite 507, P.O. Box SP-63158, New Providence, Nassau, BHS, 90401

Website

Leo Holdings Corp II is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Mary E Minnick	director	1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Edward C Forst	director	85 BROAD STREET, NEW YORK NY 10004
Lori H Bush	director	NU SKIN ENTERPRISES INC, 75 WEST CENTER, PROVO UT 84601
Lyndon Lea	director	21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Robert Darwent	director	21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Leo Investors Ii Limited Partnership	10 percent owner	100 WILSHIRE BOULEVARD, LOS ANGELES CA 90401
Naveen Agarwal	director	C/O LEO HOLDINGS, 100 WILSHIRE BOULEVARD, LOS ANGELES CA 90401

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