Williams Grand Prix Holdings (XTER:WGF1) ROCE % : 13.66% (As of Dec. 2019)

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What is Williams Grand Prix Holdings 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. Williams Grand Prix Holdings's annualized ROCE % for the quarter that ended in Dec. 2019 was 13.66%.

Williams Grand Prix Holdings ROCE % Historical Data

The historical data trend for Williams Grand Prix Holdings'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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Williams Grand Prix Holdings ROCE % Chart

Williams Grand Prix Holdings Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-22.56

15.84

29.21

8.07

-23.44

Williams Grand Prix Holdings Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
ROCE %	Get a 7-Day Free Trial															19.20	-30.37	46.95	-80.02	13.66

Williams Grand Prix Holdings ROCE % Calculation

Williams Grand Prix Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-19.221	/	( ( (146.951 - 80.344)	+	(158.793 - 61.426) )	/ 2 )
	=	-19.221	/	( (66.607	+	97.367)	/ 2 )
	=	-19.221	/	81.987
	=	-23.44 %

Williams Grand Prix Holdings's ROCE % of for the quarter that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2019 )		(Q: Jun. 2019 )		(Q: Dec. 2019 )
	=	9.954	/	( ( (135.5 - 87.091)	+	(158.793 - 61.426) )	/ 2 )
	=	9.954	/	( ( 48.409	+	97.367 )	/ 2 )
	=	9.954	/	72.888
	=	13.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2019) EBIT data.

Williams Grand Prix Holdings (XTER:WGF1) 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.

Williams Grand Prix Holdings ROCE % Related Terms

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Williams Grand Prix Holdings (XTER:WGF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Williams Grand Prix Holdings PLC (XTER:WGF1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grove, Wantage, Oxfordshire, GBR, OX12 0DQ

Website

https://www.williamsf1.com

Williams Grand Prix Holdings PLC is the United States-based holding company. Its operations include the design, manufacture, and entry of race cars for the Formula One World Championship. Its segments include Formula One and Other. It is involved in sponsorship, commercial rights, and engineering services. The major part of its revenue is derived from Formula One segment.

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