We Buy Cars Holding (JSE:WBC) ROCE % : 0.00% (As of . 20)

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What is We Buy Cars Holding 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. We Buy Cars Holding's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

We Buy Cars Holding ROCE % Historical Data

The historical data trend for We Buy Cars Holding'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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We Buy Cars Holding ROCE % Chart

We Buy Cars Holding Annual Data

Trend

Mar21

Sep23

ROCE %

33.66

We Buy Cars Holding Quarterly Data
	Sep23
ROCE %	-

We Buy Cars Holding ROCE % Calculation

We Buy Cars Holding's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Mar. 2021 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Mar. 2021 )		(A: Sep. 2023 )
	=	735.024	/	( ( (1834.949 - 393.269)	+	(3787.848 - 862.092) )	/ 2 )
	=	735.024	/	( (1441.68	+	2925.756)	/ 2 )
	=	735.024	/	2183.718
	=	33.66 %

We Buy Cars Holding's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

We Buy Cars Holding (JSE:WBC) 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.

We Buy Cars Holding ROCE % Related Terms

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