Willis Towers Watson (Willis Towers Watson) ROCE % : 19.57% (As of Dec. 2023)

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What is Willis Towers Watson 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. Willis Towers Watson's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.57%.

Willis Towers Watson ROCE % Historical Data

The historical data trend for Willis Towers Watson'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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Willis Towers Watson ROCE % Chart

Willis Towers Watson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.03

6.51

14.72

7.87

9.05

Willis Towers Watson 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															18.69	7.29	4.19	5.43	19.57

Willis Towers Watson ROCE % Calculation

Willis Towers Watson'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 )
	=	1514	/	( ( (31769 - 14779)	+	(29090 - 12630) )	/ 2 )
	=	1514	/	( (16990	+	16460)	/ 2 )
	=	1514	/	16725
	=	9.05 %

Willis Towers Watson'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 )
	=	3208	/	( ( (27623 - 11305)	+	(29090 - 12630) )	/ 2 )
	=	3208	/	( ( 16318	+	16460 )	/ 2 )
	=	3208	/	16389
	=	19.57 %

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

Willis Towers Watson (NAS:WTW) 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.

Willis Towers Watson ROCE % Related Terms

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Willis Towers Watson (Willis Towers Watson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Willis Towers Watson PLC (NAS:WTW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WTW:Mexico W1LT34:Brazil

Address

C/o Willis Group Ltd, 51 Lime Street, London, GBR, EC3M 7DQ

Website

https://www.willistowerswatson.com

In January 2016, Towers Watson and Willis Group merged to form Willis Towers Watson, a global advisory, insurance brokerage, and solutions company. The company operates in two business segments: health, wealth, and career (its consulting operations) and risk and brokering (its brokerage operations). It has about 47,000 employees.

Executives

Pamela Thomson-hall	officer: Head of International	51 LIME STREET, LONDON X0 EC3M 7DQ
Anne Pullum	officer: Head of Strategy and CAO	C/O WILLIS TOWERS WATSON, 200 LIBERTY ST, 7TH FLOOR, NEW YORK NY 10281
Julie Jarecke Gebauer	officer: Head of Human Capital&Benefits	JUPITER SATURN HOLDING CO, 875 THIRD AVENUE, NEW YORK NY 10022
Fredric J Tomczyk	director	TORONTO DOMINION CENTRE, PO BOX 1, TORONTO A6 M5K IA2
Stephen M. Chipman	director	3101 DREXEL DRIVE, DALLAS TX 75205
Jacqueline Hunt	director	53 SOUTH GREEN, MATTISHALL, NORFOLK X0 N220 3JY
Anne Donovan Bodnar	officer: Head of Human Resources	901 N. GLEBE ROAD, ARLINGTON VA 22203
Gene H Wickes	officer: Head of Exchange Solutions	901 N GLEBE ROAD, ARLINGTON VA 22203
Brendan R Oneill	director	C/O IMPERIAL CHEMICAL INDUSTRIES PLC, 20 MANCHESTER SQUARE, LONDON X0 W1U 3AN
Paul C Reilly	director	880 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Alexis Faber	officer: Chief Operating Officer	3340 PLAYERS CLUB PARKWAY, SUITE 200, MEMPHIS TN 38125
Andrew Jay Krasner	officer: Chief Financial Officer	1450 BRICKELL AVENUE, SUITE 1600, MIAMI FL 33131
Fumbi F. Chima	director	44 THORNBURY CT., 36-38 CHEPSTOW VILLAS, LONDON X0 WII 2RE
Michelle R Swanback	director	7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Inga K Beale	director	C/O CRAWFORD & COMPANY, 5335 TRIANGLE PARKWAY, PEACHTREE CORNERS GA 30092