Some Investors May Be Worried About Lichen China's (NASDAQ:LICN) Returns On Capital [Yahoo! Finance]
Lichen China Limited - Class A Ordinary Shares (LICN)
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Although, when we looked at Lichen China NASDAQ:LICN ), it didn't seem to tick all of these boxes. Return On Capital Employed (ROCE): What Is It? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Lichen China is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$7.7m ÷ (US$56m - US$2.8m) (Based on the trailing twelve months to June 2023) Thus, Lichen China has an ROCE of 14%. That's a relatively normal return on capital, and it's around the 13% generated by the Pr
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News
- Lichen China Limited Announced Financial Results for Fiscal Year 2023 [Yahoo! Finance]Yahoo! Finance
- Lichen China Limited Announced Financial Results for Fiscal Year 2023PR Newswire
- Lichen China Limited Launches AI-Powered Software for Financial & Taxation Solutions [Yahoo! Finance]Yahoo! Finance
- Lichen China Limited Launches AI-Powered Software for Financial & Taxation SolutionsPR Newswire
- Lichen China Limited Expands Presence in International Markets [Yahoo! Finance]Yahoo! Finance
LICN
Sec Filings
- 5/6/24 - Form 424B5
- 5/6/24 - Form 6-K
- 4/5/24 - Form 6-K
- LICN's page on the SEC website