LondonMetric Property (LSE:LMP) ROCE % : 6.50% (As of Sep. 2023)

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What is LondonMetric Property 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. LondonMetric Property's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.50%.

LondonMetric Property ROCE % Historical Data

The historical data trend for LondonMetric Property'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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LondonMetric Property ROCE % Chart

LondonMetric Property Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.55

0.74

11.16

24.61

-14.61

LondonMetric Property Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															19.15	29.91	-13.06	-15.45	6.50

LondonMetric Property ROCE % Calculation

LondonMetric Property'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 )
	=	-478.1	/	( ( (3655.2 - 59.4)	+	(3078 - 130.9) )	/ 2 )
	=	-478.1	/	( (3595.8	+	2947.1)	/ 2 )
	=	-478.1	/	3271.45
	=	-14.61 %

LondonMetric Property'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 )
	=	198.4	/	( ( (3078 - 130.9)	+	(3266.6 - 110.8) )	/ 2 )
	=	198.4	/	( ( 2947.1	+	3155.8 )	/ 2 )
	=	198.4	/	3051.45
	=	6.50 %

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

LondonMetric Property (LSE:LMP) 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.

LondonMetric Property ROCE % Related Terms

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LondonMetric Property (LSE:LMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LondonMetric Property PLC (LSE:LMP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LNSPF:USA LMPl:UK

Address

One Curzon Street, London, GBR, W1J 5HB

Website

https://www.londonmetric.com

LondonMetric Property PLC is a real estate company that is engaged in property investment and development across the United Kingdom. The company focuses on properties in the retail and distribution businesses. The company categorizes its property portfolios in six segments: Distribution, retail parks, Long income, Office, Residential, and Development. The company generates its revenue mainly from contracted leases.

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