Westshore Terminals Investment (TSX:WTE) ROCE % : 7.91% (As of Mar. 2024)

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What is Westshore Terminals Investment 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. Westshore Terminals Investment's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.91%.

Westshore Terminals Investment ROCE % Historical Data

The historical data trend for Westshore Terminals Investment'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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Westshore Terminals Investment ROCE % Chart

Westshore Terminals Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.75

16.11

13.32

8.59

14.04

Westshore Terminals Investment 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															16.13	13.78	15.79	10.71	7.91

Westshore Terminals Investment ROCE % Calculation

Westshore Terminals Investment'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 )
	=	170.516	/	( ( (1258.799 - 78.776)	+	(1394.639 - 145.527) )	/ 2 )
	=	170.516	/	( (1180.023	+	1249.112)	/ 2 )
	=	170.516	/	1214.5675
	=	14.04 %

Westshore Terminals Investment'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 )
	=	105.88	/	( ( (1394.639 - 145.527)	+	(1595.857 - 169.078) )	/ 2 )
	=	105.88	/	( ( 1249.112	+	1426.779 )	/ 2 )
	=	105.88	/	1337.9455
	=	7.91 %

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

Westshore Terminals Investment (TSX:WTE) 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.

Westshore Terminals Investment ROCE % Related Terms

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Westshore Terminals Investment (TSX:WTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westshore Terminals Investment Corp (TSX:WTE) » Definitions » ROCE %

Traded in Other Exchanges

WTSHF:USA

Address

1067 West Cordova Street, Suite 1800, Vancouver, BC, CAN, V6C 1C7

Website

https://www.westshore.com

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship. It is then shipped to multiple countries across the world, with the majority headed to Japan, Korea and China.

Executives

James A. Pattison

10% Security Holder

Westshore Terminals Investment (TSX:WTE) Headlines

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