WestBond Enterprises (TSXV:WBE) ROCE % : -1.27% (As of Dec. 2023)

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What is WestBond Enterprises 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. WestBond Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.27%.

WestBond Enterprises ROCE % Historical Data

The historical data trend for WestBond Enterprises'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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WestBond Enterprises ROCE % Chart

WestBond Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.92

9.19

31.13

8.81

8.16

WestBond Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.98	2.12	-2.14	4.85	-1.27

WestBond Enterprises ROCE % Calculation

WestBond Enterprises'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 )
	=	0.979	/	( ( (14.263 - 1.946)	+	(13.421 - 1.753) )	/ 2 )
	=	0.979	/	( (12.317	+	11.668)	/ 2 )
	=	0.979	/	11.9925
	=	8.16 %

WestBond Enterprises'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.144	/	( ( (13.504 - 2.056)	+	(13.176 - 1.893) )	/ 2 )
	=	-0.144	/	( ( 11.448	+	11.283 )	/ 2 )
	=	-0.144	/	11.3655
	=	-1.27 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

WestBond Enterprises (TSXV:WBE) 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.

WestBond Enterprises ROCE % Related Terms

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WestBond Enterprises (TSXV:WBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » WestBond Enterprises Corp (TSXV:WBE) » Definitions » ROCE %

Traded in Other Exchanges

WBNEF:USA

Address

7403 Progress Way, Unit 101, Delta, BC, CAN, V4G 1E7

Website

https://www.westbond.ca

WestBond Enterprises Corp is mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses. The company operates in a single segment of Disposable Paper Products. Its products are categorized under Personal hygiene, Clinical, Long-term care, Non-clinical air-laid, and Other products. The company's product pipeline includes examination table paper, dental bibs, sheets, pillowcases, gowns, aprons, Jumbo Roll Bathroom Tissue, Conventional Bathroom Tissue, Towels such as Center Pull, Kraft Roll, and Single Fold, Roll Air Laid Wipes, among others.

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