Wajax (TSX:WJX) ROCE % : 4.60% (As of Dec. 2024)

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What is Wajax 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. Wajax's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.60%.

Wajax ROCE % Historical Data

The historical data trend for Wajax'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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Wajax ROCE % Chart

Wajax Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.09

13.07

15.77

15.78

9.49

Wajax Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.08	11.50	14.86	6.95	4.60

Wajax ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	93.96	/	( ( (1473.317 - 483.375)	+	(1547.624 - 558.3) )	/ 2 )
	=	93.96	/	( (989.942	+	989.324)	/ 2 )
	=	93.96	/	989.633
	=	9.49 %

Wajax'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: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	46.58	/	( ( (1556.643 - 521.37)	+	(1547.624 - 558.3) )	/ 2 )
	=	46.58	/	( ( 1035.273	+	989.324 )	/ 2 )
	=	46.58	/	1012.2985
	=	4.60 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Wajax (TSX:WJX) 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.

Wajax ROCE % Related Terms

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Wajax Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Wajax Corp (TSX:WJX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WJXFF:USA 5WJ:Germany

Address

10 Diesel Drive, Toronto, ON, CAN, M8W 2T8

Website

https://www.wajax.com

Wajax Corp operates an integrated distribution system, providing sales, parts and services to a broad range of customers in diversified sectors of the Canadian economy, including: construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas.

Executives

David Glenson Smith	Director
Elizabeth Summers	Director
Edward Malcolm Barrett	Director
Jane Craighead	Director
Robert Charles Beaudry	Senior Officer
John Clifford Eby	Director
Thomas Malcolm Alford	Director
Trevor Carson	Senior Officer
Alexander S. Taylor	Director
Robert P. Dexter	Director
Alan Mark Foote	Director
Sylvia Dolores Chrominska	Director
Donna Jean Baratto	Senior Officer
Steven Deck	Senior Officer
Andrew Tam	Senior Officer

Wajax Headlines

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