Wartsila (OHEL:WRT1V) ROCE % : 15.23% (As of Mar. 2024)

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What is Wartsila 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. Wartsila's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.23%.

Wartsila ROCE % Historical Data

The historical data trend for Wartsila'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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Wartsila ROCE % Chart

Wartsila Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.18

6.16

9.05

0.03

12.94

Wartsila Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.49	8.23	14.66	16.80	15.23

Wartsila ROCE % Calculation

Wartsila'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 )
	=	424	/	( ( (6608 - 3415)	+	(6803 - 3445) )	/ 2 )
	=	424	/	( (3193	+	3358)	/ 2 )
	=	424	/	3275.5
	=	12.94 %

Wartsila's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	500	/	( ( (6803 - 3445)	+	(6923 - 3715) )	/ 2 )
	=	500	/	( ( 3358	+	3208 )	/ 2 )
	=	500	/	3283
	=	15.23 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Wartsila (OHEL:WRT1V) 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.

Wartsila ROCE % Related Terms

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Wartsila (OHEL:WRT1V) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wartsila Corp (OHEL:WRT1V) » Definitions » ROCE %

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WRTBY:USA WRTBF:USA WRT1Vh:UK 0IKJ:UK MTA:Germany

Address

Hiililaiturinkuja 2, Helsinki, FIN, FI-00180

Website

https://www.wartsila.com

Wartsila is a global manufacturer of critical equipment and services for the marine and energy markets with operations in over 70 countries. Approximately one half of the group's sales are derived from the sale of services and spare parts through its network of 258 sales and service network locations. Wartsila is listed on the Nasdaq Helsinki exchange in Finland. Approximately 1 in 3 oceangoing vessels has a Wartsila solution on board, translating into an installed base of over 50,000 vessels and 10,000 customers.

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