The Western Investment Company of Canada (TSXV:WI) ROCE % : 17.40% (As of Sep. 2023)

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What is The Western Investment Company of Canada 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. The Western Investment Company of Canada's annualized ROCE % for the quarter that ended in Sep. 2023 was 17.40%.

The Western Investment Company of Canada ROCE % Historical Data

The historical data trend for The Western Investment Company of Canada'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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The Western Investment Company of Canada ROCE % Chart

The Western Investment Company of Canada Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.76

8.87

-16.87

-0.57

2.53

The Western Investment Company of Canada Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															9.50	10.38	8.97	15.30	17.40

The Western Investment Company of Canada ROCE % Calculation

The Western Investment Company of Canada's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.452	/	( ( (18.49 - 1.159)	+	(18.615 - 0.155) )	/ 2 )
	=	0.452	/	( (17.331	+	18.46)	/ 2 )
	=	0.452	/	17.8955
	=	2.53 %

The Western Investment Company of Canada's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.748	/	( ( (19.691 - 4.009)	+	(19.913 - 4.004) )	/ 2 )
	=	2.748	/	( ( 15.682	+	15.909 )	/ 2 )
	=	2.748	/	15.7955
	=	17.40 %

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

The Western Investment Company of Canada (TSXV:WI) 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.

The Western Investment Company of Canada ROCE % Related Terms

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The Western Investment Company of Canada (TSXV:WI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Western Investment Company of Canada Ltd (TSXV:WI) » Definitions » ROCE %

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Address

1010 - 24th Street SE, High River, AB, CAN, T1V 2A7

Website

https://www.winv.ca

The Western Investment Company of Canada Ltd is a Canada-based investment company. Its purpose is to create long-term wealth for shareholders by building and maintaining a portfolio of stable and profitable Western-based companies and helping them to grow and prosper. The company's strategy is to acquire a diversified portfolio of established Western Canadian private businesses and create value through the identification, acquisition, and long-term ownership of private businesses with sustained cash flows and potential for organic growth.

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