WestAmerica (WestAmerica) ROCE % : -95.52% (As of Dec. 2097)

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What is WestAmerica 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. WestAmerica's annualized ROCE % for the quarter that ended in Dec. 2097 was -95.52%.

WestAmerica ROCE % Historical Data

The historical data trend for WestAmerica'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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WestAmerica ROCE % Chart

WestAmerica Annual Data

Trend

Mar90

Mar91

Mar92

Mar93

Mar94

Mar95

Mar96

Mar97

ROCE %

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-39.13

-17.39

-16.00

11.32

6.15

WestAmerica Quarterly Data
	Mar93	Jun93	Sep93	Dec93	Mar94	Jun94	Sep94	Dec94	Mar95	Jun95	Sep95	Dec95	Mar96	Jun96	Sep96	Dec96	Mar97	Jun97	Sep97	Dec97
ROCE %	Get a 7-Day Free Trial															12.90	11.94	-12.12	-24.62	-95.52

WestAmerica ROCE % Calculation

WestAmerica's annualized ROCE % for the fiscal year that ended in Mar. 2097 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2097 )		(A: Mar. 2096 )		(A: Mar. 2097 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2097 )		(A: Mar. 2096 )		(A: Mar. 2097 )
	=	0.2	/	( ( (4.5 - 1.5)	+	(4.4 - 0.9) )	/ 2 )
	=	0.2	/	( (3	+	3.5)	/ 2 )
	=	0.2	/	3.25
	=	6.15 %

WestAmerica's ROCE % of for the quarter that ended in Dec. 2097 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2097 )		(Q: Sep. 2097 )		(Q: Dec. 2097 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2097 )		(Q: Sep. 2097 )		(Q: Dec. 2097 )
	=	-3.2	/	( ( (4.4 - 1)	+	(5 - 1.7) )	/ 2 )
	=	-3.2	/	( ( 3.4	+	3.3 )	/ 2 )
	=	-3.2	/	3.35
	=	-95.52 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2097) EBIT data.

WestAmerica (OTCPK:WACC) 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.

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WestAmerica (WestAmerica) Business Description

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