Wabash National (FRA:WA9) ROCE % : 11.78% (As of Mar. 2024)

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What is Wabash National 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. Wabash National's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.78%.

Wabash National ROCE % Historical Data

The historical data trend for Wabash National'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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Wabash National ROCE % Chart

Wabash National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.13

-8.21

2.91

20.58

33.25

Wabash National 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															32.13	44.96	32.47	24.45	11.78

Wabash National ROCE % Calculation

Wabash National'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 )
	=	288.432	/	( ( (1136.126 - 328.01)	+	(1249.7 - 322.976) )	/ 2 )
	=	288.432	/	( (808.116	+	926.724)	/ 2 )
	=	288.432	/	867.42
	=	33.25 %

Wabash National'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 )
	=	109.288	/	( ( (1249.7 - 322.976)	+	(1268.247 - 339.102) )	/ 2 )
	=	109.288	/	( ( 926.724	+	929.145 )	/ 2 )
	=	109.288	/	927.9345
	=	11.78 %

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

Wabash National (FRA:WA9) 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.

Wabash National ROCE % Related Terms

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Wabash National (FRA:WA9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wabash National Corp (FRA:WA9) » Definitions » ROCE %

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Traded in Other Exchanges

WNC:USA

Address

3900 McCarty Lane, Lafayette, IN, USA, 47905

Website

https://ir.onewabash.com

Wabash National Corp operates as the innovation leader of connected solutions for the transportation, logistics and distribution industries. The company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from the first to the final mile. It designs and manufactures a diverse range of products, including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food-grade processing equipment.

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