Renewi (XAMS:RWI) ROCE % : 9.74% (As of Sep. 2023)

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What is Renewi 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. Renewi's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.74%.

Renewi ROCE % Historical Data

The historical data trend for Renewi'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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Renewi ROCE % Chart

Renewi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-4.13

-1.39

3.25

10.41

9.86

Renewi Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															9.41	11.44	13.55	5.79	9.74

Renewi ROCE % Calculation

Renewi's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	130.1	/	( ( (1951.8 - 733)	+	(2085.5 - 665.4) )	/ 2 )
	=	130.1	/	( (1218.8	+	1420.1)	/ 2 )
	=	130.1	/	1319.45
	=	9.86 %

Renewi'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	135.6	/	( ( (2085.5 - 665.4)	+	(2082.2 - 717.1) )	/ 2 )
	=	135.6	/	( ( 1420.1	+	1365.1 )	/ 2 )
	=	135.6	/	1392.6
	=	9.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Renewi (XAMS:RWI) 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.

Renewi ROCE % Related Terms

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Renewi (XAMS:RWI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Renewi PLC (XAMS:RWI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RWIl:UK RWI:UK 1K5A:Germany

Address

Wavendon Business Park, Wavendon, Milton Keynes, Buckinghamshire, GBR, MK17 8LX

Website

https://www.renewiplc.com

Renewi PLC is a waste-to-product company providing services such as collection, recycling, and treatment of commercial waste, reprocessing and recycling of contaminated soil and materials. The company's segment includes Commercial Waste, Mineralz & Water, Specialities and Group central services. It generates maximum revenue from the Commercial Waste segment. Geographically, it derives most of the revenue from the Netherlands and also has a presence in Belgium, UK, France, and Other Countries.

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