WasteCo Group (NZSE:WCO) ROCE % : -9.12% (As of Mar. 2024)

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What is WasteCo Group 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. WasteCo Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.12%.

WasteCo Group ROCE % Historical Data

The historical data trend for WasteCo Group'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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WasteCo Group ROCE % Chart

WasteCo Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-7.11

-379.07

-1.23

-8.51

WasteCo Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-548.15	-2,505.88	0.24	-6.43	-9.12

WasteCo Group ROCE % Calculation

WasteCo Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-3.464	/	( ( (43.117 - 11.687)	+	(67.659 - 17.661) )	/ 2 )
	=	-3.464	/	( (31.43	+	49.998)	/ 2 )
	=	-3.464	/	40.714
	=	-8.51 %

WasteCo Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-4.414	/	( ( (68.638 - 21.847)	+	(67.659 - 17.661) )	/ 2 )
	=	-4.414	/	( ( 46.791	+	49.998 )	/ 2 )
	=	-4.414	/	48.3945
	=	-9.12 %

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

WasteCo Group (NZSE:WCO) 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.

WasteCo Group ROCE % Related Terms

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WasteCo Group (NZSE:WCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » WasteCo Group Ltd (NZSE:WCO) » Definitions » ROCE %

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Address

421 Blenheim Road, Upper Riccarton, Christchurch, NZL, 8041

Website

https://www.wasteco.co.nz

WasteCo Group Ltd provides solutions in the collection of waste and recycling, sweeping services, and industrial cleaning services and is also committed to providing solutions for all liquid and solid waste removal, treatment, and disposal. The Group derives revenue from Waste collection, recycling, and disposal services, Sweeping services, and Industrial cleaning services.

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