Wetteri Oyj (OHEL:WETTERI) ROCE % : 7.61% (As of Sep. 2023)

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What is Wetteri Oyj 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. Wetteri Oyj's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.61%.

Wetteri Oyj ROCE % Historical Data

The historical data trend for Wetteri Oyj'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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Wetteri Oyj ROCE % Chart

Wetteri Oyj Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-0.40

-0.95

-14.28

-10.39

Wetteri Oyj Quarterly Data
	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															65.60	-	6.08	6.69	7.61

Wetteri Oyj ROCE % Calculation

Wetteri Oyj'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	/	( ( (10.593 - 5.148)	+	(154.595 - 83.263) )	/ 2 )
	=	0	/	( (5.445	+	71.332)	/ 2 )
	=	0	/	38.3885
	=	0.00 %

Wetteri Oyj'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 )
	=	7.988	/	( ( (220.446 - 114.097)	+	(220.544 - 116.924) )	/ 2 )
	=	7.988	/	( ( 106.349	+	103.62 )	/ 2 )
	=	7.988	/	104.9845
	=	7.61 %

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

Wetteri Oyj (OHEL:WETTERI) 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.

Wetteri Oyj ROCE % Related Terms

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Wetteri Oyj (OHEL:WETTERI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wetteri Oyj (OHEL:WETTERI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Äimäkuja 2-3, Oulu, FIN, 90400

Website

https://www.sijoittajat.wetteri.fi

Wetteri Oyj is an entrepreneur-led growth company in the automotive industry. In addition to the retail trade of passenger, utility and heavy-duty vehicles, the company produces maintenance and damage repair services from passenger cars to heavy equipment.

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