Watkin Jones (LSE:WJG) ROCE % : -31.93% (As of Sep. 2023)

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What is Watkin Jones 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. Watkin Jones's annualized ROCE % for the quarter that ended in Sep. 2023 was -31.93%.

Watkin Jones ROCE % Historical Data

The historical data trend for Watkin Jones'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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Watkin Jones ROCE % Chart

Watkin Jones Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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16.73

9.07

16.97

7.69

-15.35

Watkin Jones Semi-Annual Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															15.93	-8.30	24.22	0.67	-31.93

Watkin Jones ROCE % Calculation

Watkin Jones's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-39.222	/	( ( (386.959 - 113.132)	+	(371.516 - 134.216) )	/ 2 )
	=	-39.222	/	( (273.827	+	237.3)	/ 2 )
	=	-39.222	/	255.5635
	=	-15.35 %

Watkin Jones'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 )
	=	-80.256	/	( ( (380.826 - 115.419)	+	(371.516 - 134.216) )	/ 2 )
	=	-80.256	/	( ( 265.407	+	237.3 )	/ 2 )
	=	-80.256	/	251.3535
	=	-31.93 %

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

Watkin Jones (LSE:WJG) 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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Watkin Jones (LSE:WJG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Watkin Jones PLC (LSE:WJG) » Definitions » ROCE %

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0W0:Germany

Address

7-9 Swallow Street, London, GBR, W1B 4DE

Website

https://www.watkinjonesplc.com

Watkin Jones PLC is a developer and constructor of multi-occupancy property assets, with a focus on the student accommodation sector. Its service includes site identification and procurement, planning consent, construction delivery, and asset management. The company's operating segments include Student accommodation, Build to Rent, Affordable Homes, and Accommodation management. The majority of its revenue is derived from the Student accommodation and build-to-rent segments.

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