Wittering Capital (TSXV:WITT.P) ROCE % : -2.58% (As of Jul. 2024)

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What is Wittering Capital 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. Wittering Capital's annualized ROCE % for the quarter that ended in Jul. 2024 was -2.58%.

Wittering Capital ROCE % Historical Data

The historical data trend for Wittering Capital'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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Wittering Capital ROCE % Chart

Wittering Capital Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

ROCE %

-33.16

-9.07

-8.05

Wittering Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial								-2.37	-14.52	-2.48	-12.64	-2.58

Wittering Capital ROCE % Calculation

Wittering Capital's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-0.026	/	( ( (0.338 - 0.001)	+	(0.311 - 0.002) )	/ 2 )
	=	-0.026	/	( (0.337	+	0.309)	/ 2 )
	=	-0.026	/	0.323
	=	-8.05 %

Wittering Capital's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-0.008	/	( ( (0.313 - 0.001)	+	(0.311 - 0.002) )	/ 2 )
	=	-0.008	/	( ( 0.312	+	0.309 )	/ 2 )
	=	-0.008	/	0.3105
	=	-2.58 %

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

Wittering Capital (TSXV:WITT.P) 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.

Wittering Capital ROCE % Related Terms

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Wittering Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Wittering Capital Corp (TSXV:WITT.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1710-1050 West Pender Street, Vancouver, BC, CAN, V6E 3S7

Website

Wittering Capital Corp is a capital pool company.

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