Westport Fuel Systems (TSX:WPRT) ROCE % : -23.52% (As of Dec. 2023)

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What is Westport Fuel Systems 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. Westport Fuel Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.52%.

Westport Fuel Systems ROCE % Historical Data

The historical data trend for Westport Fuel Systems'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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Westport Fuel Systems ROCE % Chart

Westport Fuel Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.64

1.12

3.99

-9.66

-18.43

Westport Fuel Systems 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															-23.14	-13.25	-19.11	-19.74	-23.52

Westport Fuel Systems ROCE % Calculation

Westport Fuel Systems'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 )
	=	-61.358	/	( ( (553.522 - 184.103)	+	(477.272 - 180.897) )	/ 2 )
	=	-61.358	/	( (369.419	+	296.375)	/ 2 )
	=	-61.358	/	332.897
	=	-18.43 %

Westport Fuel Systems'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 )
	=	-70.352	/	( ( (481.05 - 179.163)	+	(477.272 - 180.897) )	/ 2 )
	=	-70.352	/	( ( 301.887	+	296.375 )	/ 2 )
	=	-70.352	/	299.131
	=	-23.52 %

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

Westport Fuel Systems (TSX:WPRT) 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.

Westport Fuel Systems ROCE % Related Terms

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Westport Fuel Systems (TSX:WPRT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Westport Fuel Systems Inc (TSX:WPRT) » Definitions » ROCE %

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WPRT:USA

Address

1750 West 75th Avenue, Suite 101, Vancouver, BC, CAN, V6P 6G2

Website

https://www.wfsinc.com

Westport Fuel Systems Inc is an organization engaged in the engineering, manufacturing, and supply of alternative fuel systems and components for transportation applications. It has three operating segments; the Original Equipment Manufacturers segment-design, manufacture, and sell alternative fuel systems, components and electronics, and related engineering services, to OEMs that serve light-duty, medium-duty, and heavy-duty customers, the Independent Aftermarket segment includes IAM products, conversion kits, and components allow for the conversion of vehicles after being sold to the end-user through a network of dealers and installers, and Corporate includes public company activities, corporate oversight, financing, and capital allocation.