Willis Lease Finance (FRA:WIJ) ROCE % : 8.33% (As of Mar. 2024)

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What is Willis Lease Finance 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. Willis Lease Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.33%.

Willis Lease Finance ROCE % Historical Data

The historical data trend for Willis Lease Finance'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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Willis Lease Finance ROCE % Chart

Willis Lease Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.35

3.66

3.36

3.20

5.67

Willis Lease Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.99	6.00	6.29	6.74	8.33

Willis Lease Finance ROCE % Calculation

Willis Lease Finance'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 )
	=	133.813	/	( ( (2431.005 - 57.492)	+	(2432.199 - 88.463) )	/ 2 )
	=	133.813	/	( (2373.513	+	2343.736)	/ 2 )
	=	133.813	/	2358.6245
	=	5.67 %

Willis Lease Finance's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	194.652	/	( ( (2432.199 - 88.463)	+	(2460.505 - 133.432) )	/ 2 )
	=	194.652	/	( ( 2343.736	+	2327.073 )	/ 2 )
	=	194.652	/	2335.4045
	=	8.33 %

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

Willis Lease Finance (FRA:WIJ) 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.

Willis Lease Finance ROCE % Related Terms

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Willis Lease Finance (FRA:WIJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Willis Lease Finance Corp (FRA:WIJ) » Definitions » ROCE %

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WLFC:USA

Address

4700 Lyons Technology Parkway, Coconut Creek, FL, USA, 33073

Website

https://www.willislease.com

Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.

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