Webjet (ASX:WEB) ROCE % : 14.34% (As of Sep. 2023)

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What is Webjet 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. Webjet's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.34%.

Webjet ROCE % Historical Data

The historical data trend for Webjet'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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Webjet ROCE % Chart

Webjet Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Mar22

Mar23

ROCE %

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15.40

11.86

-14.60

-8.05

4.32

Webjet Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-10.83	-4.68	2.90	5.93	14.34

Webjet ROCE % Calculation

Webjet's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	46.9	/	( ( (1419 - 335.6)	+	(1588.2 - 500.9) )	/ 2 )
	=	46.9	/	( (1083.4	+	1087.3)	/ 2 )
	=	46.9	/	1085.35
	=	4.32 %

Webjet's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	145	/	( ( (1588.2 - 500.9)	+	(1818.1 - 882.5) )	/ 2 )
	=	145	/	( ( 1087.3	+	935.6 )	/ 2 )
	=	145	/	1011.45
	=	14.34 %

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

Webjet (ASX: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.

Webjet ROCE % Related Terms

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Webjet (ASX:WEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Webjet Ltd (ASX:WEB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WBJ:Germany

Address

509 St Kilda Road, Level 2, Melbourne, VIC, AUS, 3004

Website

https://www.webjetlimited.com

Webjet provides online travel bookings across Europe, Asia Pacific, the Middle East, and Africa. The group operates in both the business to consumer, or B2C, and business to business, or B2B, segments. The B2B business, WebBeds, acts as an intermediary between hotels and wholesale/retail travel service providers. WebBeds is currently the world's second largest B2B accommodation booking provider despite only a circa 4% market share of the fragmented AUD 70 billion global B2B accommodation market. The company's B2C units, Webjet Online Travel Agent, or OTA, and GoSee allow retail customers to book flights, hotel accommodation, holiday packages, travel insurance, rental cars and caravans online.