Waterco (ASX:WAT) ROCE % : 9.58% (As of Dec. 2024)

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What is Waterco 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. Waterco's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.58%.

Waterco ROCE % Historical Data

The historical data trend for Waterco'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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Waterco ROCE % Chart

Waterco Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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4.73

8.32

12.52

10.75

12.97

Waterco Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															10.08	11.80	13.82	10.44	9.58

Waterco ROCE % Calculation

Waterco's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	22.232	/	( ( (167.951 - 25.659)	+	(257.77 - 57.228) )	/ 2 )
	=	22.232	/	( (142.292	+	200.542)	/ 2 )
	=	22.232	/	171.417
	=	12.97 %

Waterco's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	19.584	/	( ( (257.77 - 57.228)	+	(274.508 - 66.179) )	/ 2 )
	=	19.584	/	( ( 200.542	+	208.329 )	/ 2 )
	=	19.584	/	204.4355
	=	9.58 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Waterco (ASX:WAT) 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.

Waterco ROCE % Related Terms

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Waterco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Waterco Ltd (ASX:WAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 South Street, Rydalmere, Sydney, NSW, AUS, 2116

Website

https://www.waterco.com.au

Waterco Ltd engages in the manufacture and distribution of pool and spa products and water treatment equipment. The firm involves in wholesale, export and manufacture of equipment and accessories in the swimming pool, spa pool, spa bath, rural pump and water treatment industries; manufacture and sale of solar heating systems for swimming pools and pre-heat industrial solar systems; franchise of retail outlets for swimming pool equipment and accessories; and formulating, packing and distribution of swimming pool chemicals to independent pool stores and stores in its Swimart franchise network. Its maximum revenue is generated from Australia and New Zealand and it also has its presence in Asia, and North America and Europe.