Washington H Soul Pattinson (ASX:SOL) ROCE % : 5.82% (As of Jan. 2024)

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What is Washington H Soul Pattinson 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. Washington H Soul Pattinson's annualized ROCE % for the quarter that ended in Jan. 2024 was 5.82%.

Washington H Soul Pattinson ROCE % Historical Data

The historical data trend for Washington H Soul Pattinson'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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Washington H Soul Pattinson ROCE % Chart

Washington H Soul Pattinson Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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9.52

18.81

6.98

15.75

7.79

Washington H Soul Pattinson Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															-6.01	31.25	10.48	5.16	5.82

Washington H Soul Pattinson ROCE % Calculation

Washington H Soul Pattinson's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	736.435	/	( ( (9888.333 - 402.32)	+	(9797.187 - 375.241) )	/ 2 )
	=	736.435	/	( (9486.013	+	9421.946)	/ 2 )
	=	736.435	/	9453.9795
	=	7.79 %

Washington H Soul Pattinson's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	563.254	/	( ( (9797.187 - 375.241)	+	(10236.918 - 296.36) )	/ 2 )
	=	563.254	/	( ( 9421.946	+	9940.558 )	/ 2 )
	=	563.254	/	9681.252
	=	5.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

Washington H Soul Pattinson (ASX:SOL) 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.

Washington H Soul Pattinson ROCE % Related Terms

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Washington H Soul Pattinson (ASX:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Washington H Soul Pattinson & Co Ltd (ASX:SOL) » Definitions » ROCE %

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WD3:Germany

Address

151 Clarence Street, Level 14, Sydney, NSW, AUS, 2000

Website

https://www.whsp.com.au

Washington H. Soul Pattinson, or Soul Patts, is a value-oriented investment house which invests in both public and private markets. As an investor, Soul Patts allocates capital with a view to taking a long-term position in its investments and on a passive basis. Long-term holdings in the group's three largest investments—TPG Telecom, Brickworks and New Hope Corporation—contribute more than half of the group's circa AUD 11 billion investment net asset value. A cross-shareholding between Soul Patts and Brickworks was established in the 1960s.