Willdale (XZIM:WILD.ZW) ROCE % : 24.43% (As of Sep. 2023)

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What is Willdale 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. Willdale's annualized ROCE % for the quarter that ended in Sep. 2023 was 24.43%.

Willdale ROCE % Historical Data

The historical data trend for Willdale'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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Willdale ROCE % Chart

Willdale Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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30.66

3.31

13.51

11.99

9.44

Willdale Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial						22.60	-5.85	27.61	0.14	24.43

Willdale ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	8942.72	/	( ( (70469.217 - 5683.652)	+	(143195.697 - 18423.712) )	/ 2 )
	=	8942.72	/	( (64785.565	+	124771.985)	/ 2 )
	=	8942.72	/	94778.775
	=	9.44 %

Willdale'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 )
	=	17824.808	/	( ( (24375.895 - 3196.155)	+	(143195.697 - 18423.712) )	/ 2 )
	=	17824.808	/	( ( 21179.74	+	124771.985 )	/ 2 )
	=	17824.808	/	72975.8625
	=	24.43 %

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

Willdale (XZIM:WILD.ZW) 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.

Willdale ROCE % Related Terms

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Willdale (XZIM:WILD.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Willdale Ltd (XZIM:WILD.ZW) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

19.5km Peg Lomagundi Road, Mount Hampden, Harare, ZWE

Website

https://www.willdale.co.zw

Willdale Ltd is a clay brick manufacturer and distributor in Zimbabwe. Its clay brick products portfolio includes Blue Heart, Blue Multi, Blue Smooth, Cinker, Dark Splashed, Rustic, window Cill, Red Defour, Plum, and others. Geographically company has a presence in Zimbabwe.

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