Wetzel (BSP:MWET4) ROCE % : -33.67% (As of Dec. 2023)

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Wetzel ROCE % Definition

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. Wetzel's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.67%.

Wetzel ROCE % Historical Data

The historical data trend for Wetzel'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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Wetzel ROCE % Chart

Wetzel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-98.58

100.77

141.83

15.49

-15.98

Wetzel 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															-16.25	-9.11	0.95	-3.61	-33.67

Wetzel ROCE % Calculation

Wetzel'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 )
	=	-27.555	/	( ( (267.741 - 106.455)	+	(299.742 - 116.089) )	/ 2 )
	=	-27.555	/	( (161.286	+	183.653)	/ 2 )
	=	-27.555	/	172.4695
	=	-15.98 %

Wetzel'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 )
	=	-55.94	/	( ( (285.371 - 136.747)	+	(299.742 - 116.089) )	/ 2 )
	=	-55.94	/	( ( 148.624	+	183.653 )	/ 2 )
	=	-55.94	/	166.1385
	=	-33.67 %

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

Wetzel (BSP:MWET4) 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.

Wetzel ROCE % Related Terms

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Wetzel (BSP:MWET4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wetzel SA (BSP:MWET4) » Definitions » ROCE %

Comparable Companies

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MWET3:Brazil

Address

Rua Dona Francisca, 8300, Bloco H, Joinville, SC, BRA, 89239-270

Website

https://www.wetzel.com.br

Wetzel SA manufactures and markets aluminum and iron components and parts for motor vehicles. The company operates in three business units namely, Aluminum Division, Iron Division and Electro-technical Division.

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