Westinghouse Air Brake Technologies (BSP:W1AB34) ROCE % : 10.83% (As of Mar. 2024)

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What is Westinghouse Air Brake Technologies 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. Westinghouse Air Brake Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.83%.

Westinghouse Air Brake Technologies ROCE % Historical Data

The historical data trend for Westinghouse Air Brake Technologies'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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Westinghouse Air Brake Technologies ROCE % Chart

Westinghouse Air Brake Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.97

5.45

6.22

6.54

8.44

Westinghouse Air Brake Technologies 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															7.58	8.27	10.32	8.95	10.83

Westinghouse Air Brake Technologies ROCE % Calculation

Westinghouse Air Brake Technologies'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 )
	=	6418.738	/	( ( (97123.826 - 18185.802)	+	(93037.402 - 19873.589) )	/ 2 )
	=	6418.738	/	( (78938.024	+	73163.813)	/ 2 )
	=	6418.738	/	76050.9185
	=	8.44 %

Westinghouse Air Brake Technologies'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 )
	=	8166.872	/	( ( (93037.402 - 19873.589)	+	(93356.311 - 15701.309) )	/ 2 )
	=	8166.872	/	( ( 73163.813	+	77655.002 )	/ 2 )
	=	8166.872	/	75409.4075
	=	10.83 %

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

Westinghouse Air Brake Technologies (BSP:W1AB34) 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.

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Westinghouse Air Brake Technologies (BSP:W1AB34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westinghouse Air Brake Technologies Corp (BSP:W1AB34) » Definitions » ROCE %

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Traded in Other Exchanges

WAB:USA WAB:Mexico WB2:Germany

Address

30 Isabella Street, Pittsburgh, PA, USA, 15212

Website

https://www.wabteccorp.com

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment.

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