John Wood Group (LSE:WG.) ROCE % : 0.62% (As of Dec. 2023)

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What is John Wood Group 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. John Wood Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.62%.

John Wood Group ROCE % Historical Data

The historical data trend for John Wood Group'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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John Wood Group ROCE % Chart

John Wood Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.96

-0.32

-0.96

-9.85

0.97

John Wood Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.08	1.00	-19.71	1.33	0.62

John Wood Group ROCE % Calculation

John Wood Group'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 )
	=	41.633	/	( ( (6295.756 - 1970.646)	+	(6051.874 - 1800.252) )	/ 2 )
	=	41.633	/	( (4325.11	+	4251.622)	/ 2 )
	=	41.633	/	4288.366
	=	0.97 %

John Wood Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	26.228	/	( ( (6121.368 - 1849.558)	+	(6051.874 - 1800.252) )	/ 2 )
	=	26.228	/	( ( 4271.81	+	4251.622 )	/ 2 )
	=	26.228	/	4261.716
	=	0.62 %

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

John Wood Group (LSE:WG.) 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.

John Wood Group ROCE % Related Terms

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John Wood Group (LSE:WG.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » John Wood Group Plc (LSE:WG.) » Definitions » ROCE %

Comparable Companies

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WDGJF:USA WGl:UK JWG1:Germany

Address

15 Justice Mill Lane, Aberdeen, GBR, AB11 6EQ

Website

https://www.woodplc.com

John Wood Group Plc is an energy-services company that provides a range of engineering, production, and technical solutions for the upstream, midstream, and downstream oil and gas sectors. Operations are divided into four segments: Asset Solutions EAAA, Asset Solutions America, Technical Consulting Solutions, and Investment Solutions. The company provides services to the oil and gas sector through brownfield engineering and modifications, production enhancement, operations and maintenance, and facility construction and maintenance management. A vast majority of the revenue is generated by the Asset Solutions EAAA and Asset Solutions America's segment combined, and the company's revenue is earned in the United States.

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