Woodbois (LSE:WBI) ROCE % : -2.51% (As of Jun. 2023)

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What is Woodbois 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. Woodbois's annualized ROCE % for the quarter that ended in Jun. 2023 was -2.51%.

Woodbois ROCE % Historical Data

The historical data trend for Woodbois'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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Woodbois ROCE % Chart

Woodbois Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-2.50

0.05

-0.62

30.88

-57.40

Woodbois Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-0.60	61.51	-0.04	-109.53	-2.51

Woodbois ROCE % Calculation

Woodbois's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-129.585	/	( ( (284.691 - 7.39)	+	(184.949 - 10.696) )	/ 2 )
	=	-129.585	/	( (277.301	+	174.253)	/ 2 )
	=	-129.585	/	225.777
	=	-57.40 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-4.344	/	( ( (184.949 - 10.696)	+	(177.671 - 5.116) )	/ 2 )
	=	-4.344	/	( ( 174.253	+	172.555 )	/ 2 )
	=	-4.344	/	173.404
	=	-2.51 %

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

Woodbois (LSE:WBI) 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.

Woodbois ROCE % Related Terms

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Woodbois (LSE:WBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Woodbois Ltd (LSE:WBI) » Definitions » ROCE %

Traded in Other Exchanges

OB7:Germany

Address

Dixcart House, Sir William Place, P.O. Box 161, Saint Peter Port, GGY, GY1 1GX

Website

https://www.woodbois.com

Woodbois Ltd is involved in producing, processing, manufacturing, and supplying sustainable African hardwood and hardwood products. It is engaged in the forestry, timber trading, and carbon solutions segments. It generates maximum revenue from the Forestry segment. The company operates in Gabon, Mozambique, Denmark, Mauritius, Guernsey, and the UK. Its product categories include Lumber, Veneer, and Blockboard. geographically company's external sales are maximum from Gabon.

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