Lyft (LYFT) ROCE % : -3.76% (As of Dec. 2023)

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What is Lyft 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. Lyft's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.76%.

Lyft ROCE % Historical Data

The historical data trend for Lyft'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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Lyft ROCE % Chart

Lyft Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-93.67

-60.39

-41.11

-84.69

-20.19

Lyft Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-143.39	-50.97	-29.91	-1.56	-3.76

Lyft ROCE % Calculation

Lyft'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 )
	=	-305.481	/	( ( (4556.431 - 3132.563)	+	(4564.467 - 2961.561) )	/ 2 )
	=	-305.481	/	( (1423.868	+	1602.906)	/ 2 )
	=	-305.481	/	1513.387
	=	-20.19 %

Lyft's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-58.868	/	( ( (4478.224 - 2948.862)	+	(4564.467 - 2961.561) )	/ 2 )
	=	-58.868	/	( ( 1529.362	+	1602.906 )	/ 2 )
	=	-58.868	/	1566.134
	=	-3.76 %

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

Lyft (NAS:LYFT) 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.

Lyft ROCE % Related Terms

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Lyft (LYFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lyft Inc (NAS:LYFT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LYFT:Mexico 0A2O:UK LY0:Germany LYFT:Austria

Address

185 Berry Street, Suite 400, San Francisco, CA, USA, 94107

Website

https://www.lyft.com

Lyft is the second-largest ride-sharing service provider in the U.S. and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.

Executives

Kristin Sverchek	officer: General Counsel and Secretary	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Lisa Blackwood-kapral	officer: Chief Accounting Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
John Patrick Zimmer	director, officer: President	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Erin Brewer	officer: Chief Financial Officer	MCKESSON CORPORATION, ONE POST STREET, SAN FRANCISCO CA 94104
Logan Green	director, officer: Chief Executive Officer	C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Prashant Aggarwal	director	C/O ARLO TECHNOLOGIES, INC., 350 EAST PLUMERIA DR, SAN JOSE CA 95134
Mary Agnes Wilderotter	director	115 ALPINE TERRACE, OAKLAND CA 94618
John David Risher	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Dave Stephenson	director	C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
Janey Whiteside	director	C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105
Elaine Paul	officer: Chief Financial Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Ashwin Raj	officer: Head of Rideshare	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
David Lawee	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Brian Keith Roberts	officer: Chief Financial Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 5000, SAN FRANCISCO CA 94107
Ariel M. Cohen	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107