Westbridge Renewable Energy (TSXV:WEB) ROCE % : 496.21% (As of Feb. 2024)

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What is Westbridge Renewable Energy 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. Westbridge Renewable Energy's annualized ROCE % for the quarter that ended in Feb. 2024 was 496.21%.

Westbridge Renewable Energy ROCE % Historical Data

The historical data trend for Westbridge Renewable Energy'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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Westbridge Renewable Energy ROCE % Chart

Westbridge Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Nov21

Nov22

Nov23

ROCE %

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-145.22

-40.99

-48.19

Westbridge Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-17.39	-43.69	-19.02	-16.59	496.21

Westbridge Renewable Energy ROCE % Calculation

Westbridge Renewable Energy's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-4.449	/	( ( (7.683 - 0.763)	+	(57.814 - 46.268) )	/ 2 )
	=	-4.449	/	( (6.92	+	11.546)	/ 2 )
	=	-4.449	/	9.233
	=	-48.19 %

Westbridge Renewable Energy's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	135.672	/	( ( (57.814 - 46.268)	+	(79.435 - 36.298) )	/ 2 )
	=	135.672	/	( ( 11.546	+	43.137 )	/ 2 )
	=	135.672	/	27.3415
	=	496.21 %

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

Westbridge Renewable Energy (TSXV:WEB) 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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Westbridge Renewable Energy (TSXV:WEB) Business Description

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WEGYF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.westbridge.energy

Westbridge Renewable Energy Corp is focused on delivering attractive, long-term returns by identifying, originating, and developing a global portfolio of renewable assets for investors and utilities. It develops best-in-class, utility-scale solar PV projects. It is turning green fields and the power of the sun into a reliable, sustainable flow of energy.