Werner Enterprises (FRA:WE1) ROCE % : 5.42% (As of Dec. 2023)

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What is Werner Enterprises 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. Werner Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.42%.

Werner Enterprises ROCE % Historical Data

The historical data trend for Werner Enterprises'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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Werner Enterprises ROCE % Chart

Werner Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.83

11.76

17.16

13.53

6.37

Werner Enterprises 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															7.79	6.85	5.59	5.42	2.47

Werner Enterprises ROCE % Calculation

Werner Enterprises'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 )
	=	166.267	/	( ( (2923.809 - 292.187)	+	(2895.827 - 303.146) )	/ 2 )
	=	166.267	/	( (2631.622	+	2592.681)	/ 2 )
	=	166.267	/	2612.1515
	=	6.37 %

Werner Enterprises'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 )
	=	143.128	/	( ( (2993.211 - 308.895)	+	(2895.827 - 303.146) )	/ 2 )
	=	143.128	/	( ( 2684.316	+	2592.681 )	/ 2 )
	=	143.128	/	2638.4985
	=	5.42 %

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

Werner Enterprises (FRA:WE1) 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.

Werner Enterprises ROCE % Related Terms

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Werner Enterprises (FRA:WE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Werner Enterprises Inc (FRA:WE1) » Definitions » ROCE %

Comparable Companies

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WERN:USA

Address

14507 Frontier Road, Post Office Box 45308, Omaha, NE, USA, 68145-0308

Website

https://www.werner.com

Werner Enterprises Inc ranks among the top five full-truckload carriers by revenue, with a fleet of more than 7,800 tractors, including owner-operators. The company has two reportable segments - TTS and Werner Logistics. It derives about 80% of its top line from a wide array of full-truckload shipping services (including dedicated contract carriage; roughly 20% comes from non-asset based logistics operations, including truck brokerage.

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