Cleanaway Waste Management (ASX:CWY) ROCE % : 5.72% (As of Dec. 2023)

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What is Cleanaway Waste Management 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. Cleanaway Waste Management's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.72%.

Cleanaway Waste Management ROCE % Historical Data

The historical data trend for Cleanaway Waste Management'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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Cleanaway Waste Management ROCE % Chart

Cleanaway Waste Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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5.80

4.95

5.62

3.33

2.15

Cleanaway Waste Management Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															4.21	2.43	4.11	0.18	5.72

Cleanaway Waste Management ROCE % Calculation

Cleanaway Waste Management's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	109	/	( ( (5862.7 - 915.2)	+	(6073.3 - 884.7) )	/ 2 )
	=	109	/	( (4947.5	+	5188.6)	/ 2 )
	=	109	/	5068.05
	=	2.15 %

Cleanaway Waste Management'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	301	/	( ( (6073.3 - 884.7)	+	(6271.3 - 938.1) )	/ 2 )
	=	301	/	( ( 5188.6	+	5333.2 )	/ 2 )
	=	301	/	5260.9
	=	5.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Cleanaway Waste Management (ASX:CWY) 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.

Cleanaway Waste Management ROCE % Related Terms

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Cleanaway Waste Management (ASX:CWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Waste Management Ltd (ASX:CWY) » Definitions » ROCE %

Comparable Companies

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TSPCF:USA TG9:Germany

Address

441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

https://www.cleanaway.com.au

Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

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