WAB (Westinghouse Air Brake Technologies) ROCE % : 11.39% (As of Sep. 2024)

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What is Westinghouse Air Brake Technologies 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. Westinghouse Air Brake Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.39%.

Westinghouse Air Brake Technologies ROCE % Historical Data

The historical data trend for Westinghouse Air Brake Technologies'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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Westinghouse Air Brake Technologies ROCE % Chart

Westinghouse Air Brake Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.87

4.89

5.94

6.80

8.74

Westinghouse Air Brake Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.23	8.98	10.74	11.26	11.39

Westinghouse Air Brake Technologies ROCE % Calculation

Westinghouse Air Brake Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1310	/	( ( (18516 - 3467)	+	(18988 - 4056) )	/ 2 )
	=	1310	/	( (15049	+	14932)	/ 2 )
	=	1310	/	14990.5
	=	8.74 %

Westinghouse Air Brake Technologies's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1720	/	( ( (18876 - 3647)	+	(18644 - 3681) )	/ 2 )
	=	1720	/	( ( 15229	+	14963 )	/ 2 )
	=	1720	/	15096
	=	11.39 %

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

Westinghouse Air Brake Technologies (NYSE:WAB) 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.

Westinghouse Air Brake Technologies ROCE % Related Terms

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Westinghouse Air Brake Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westinghouse Air Brake Technologies Corp (NYSE:WAB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WAB:Mexico 0A7Y:UK WB2:Germany WB2:Germany W1AB34:Brazil

Address

30 Isabella Street, Pittsburgh, PA, USA, 15212

Website

https://www.wabteccorp.com

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.

Executives

Gregory Sbrocco	officer: Sr. VP, Global Operations	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Albert J Neupaver	director
Mastalerz John A Jr	officer: VP Fin., Corp. Controller, CAO	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
David L Deninno	officer: Exec VP, General Counsel, Sec.	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Pascal Schweitzer	officer: President, Services Group	C/O TRANSPORTATION SYSTEMS HOLDINGS INC., 901 MAIN AVENUE, NORWALK CT 06851
Alicia Hammersmith	officer: President - Services Group	30 ISABELLA STREET, PITTSBURGH PA 15212
Rogerio Mendonca	officer: President, Equipment Group	30 ISABELLA STREET, PITTSBURGH PA 15212
Brian Hehir	director	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Eric Gebhardt	officer: Chief Technology Officer	30 ISABELLA STREET, PITTSBURGH PA 15212
Nicole B Theophilus	officer: EVP & Chief H.R. Officer	C/O WEST CORPORATION, 11808 MIRACLE HILLS DRIVE, OMAHA NE 68154
Rafael Santana	officer: President and CEO	C/O TRANSPORTATION SYSTEMS HOLDINGS INC., 901 MAIN AVENUE, NORWALK CT 06851
Kristine Kubacki	other: VP, Investor Relations	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Michael Fetsko	officer: Pres., Freight Components Grp.	1001 AIR BRAKE AVENUE, WILMERDING PA 15148
Linda S Harty	director	MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432
William E Kassling	director	C/O WASTEC, 10001 AIR BREAK AVE, WILMERDING PA 15148