Luokung Technology (Luokung Technology) ROCE % : -34.18% (As of Jun. 2023)

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What is Luokung Technology 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. Luokung Technology's annualized ROCE % for the quarter that ended in Jun. 2023 was -34.18%.

Luokung Technology ROCE % Historical Data

The historical data trend for Luokung Technology'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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Luokung Technology ROCE % Chart

Luokung Technology Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-28.42

-42.40

-51.03

-59.78

-33.60

Luokung Technology Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-47.86	-51.59	-35.80	-32.77	-34.18

Luokung Technology ROCE % Calculation

Luokung Technology'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 )
	=	-50.79	/	( ( (265.189 - 101.709)	+	(233.637 - 94.832) )	/ 2 )
	=	-50.79	/	( (163.48	+	138.805)	/ 2 )
	=	-50.79	/	151.1425
	=	-33.60 %

Luokung Technology's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-42.462	/	( ( (233.637 - 94.832)	+	(201.16 - 91.491) )	/ 2 )
	=	-42.462	/	( ( 138.805	+	109.669 )	/ 2 )
	=	-42.462	/	124.237
	=	-34.18 %

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

Luokung Technology (NAS:LKCO) 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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Luokung Technology (Luokung Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Luokung Technology Corp (NAS:LKCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Guanghua Road, Miss. Qinyu Zhao B9-8, Block B, SOHO Phase II, Chaoyang District, Beijing, CHN, 100020

Website

https://www.luokung.com

Luokung Technology Corp is a mobile service and technology provider for the long-distance travel and railway Wi-Fi market in China. Its mobile application product Luokuang platform is a Location-based Service social content and service distribution platform. It offers personalized and precise services to long-distance travelers in two locations: on the train and at the destination. Its offerings include entertainment services including video and audio, digital reading material, games specific, and social services.