Wajax (TSX:WJX) ROCE %

: 9.08% (As of Dec. 2023)

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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. Wajax's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.08%.

Wajax ROCE % Historical Data

The historical data trend for Wajax'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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Wajax Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.64

9.09

13.07

15.77

15.78

Wajax 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															14.56	14.76	21.42	16.55	9.08

Wajax ROCE % Calculation

Wajax'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 )
	=	136.141	/	( ( (1249.882 - 514.078)	+	(1473.317 - 483.375) )	/ 2 )
	=	136.141	/	( (735.804	+	989.942)	/ 2 )
	=	136.141	/	862.873
	=	15.78 %

Wajax'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 )
	=	91.18	/	( ( (1518.595 - 500.925)	+	(1473.317 - 483.375) )	/ 2 )
	=	91.18	/	( ( 1017.67	+	989.942 )	/ 2 )
	=	91.18	/	1003.806
	=	9.08 %

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

Wajax (TSX:WJX) 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.

Wajax ROCE % Related Terms

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Wajax (TSX:WJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Wajax Corp (TSX:WJX) » Definitions » ROCE %

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WJXFF:USA

Address

2250 Argentia Road, Mississauga, ON, CAN, L5N 6A5

Website

https://www.wajax.com

Wajax Corp operates an integrated distribution system, providing sales, parts and services to a broad range of customers in diversified sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.

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