Water Ways Technologies (TSXV:WWT) ROCE % : -803.12% (As of Dec. 2023)

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What is Water Ways Technologies 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. Water Ways Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -803.12%.

Water Ways Technologies ROCE % Historical Data

The historical data trend for Water Ways Technologies'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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Water Ways Technologies ROCE % Chart

Water Ways Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-250.04

-43.28

-121.83

43.52

-152.67

Water Ways Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-51.57	33.46	-18.64	11.94	-803.12

Water Ways Technologies ROCE % Calculation

Water Ways Technologies'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 )
	=	-4.532	/	( ( (12.539 - 6.464)	+	(5.966 - 6.104) )	/ 2 )
	=	-4.532	/	( (6.075	+	-0.138)	/ 2 )
	=	-4.532	/	2.9685
	=	-152.67 %

Water Ways Technologies'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 )
	=	-19.564	/	( ( (11.539 - 6.529)	+	(5.966 - 6.104) )	/ 2 )
	=	-19.564	/	( ( 5.01	+	-0.138 )	/ 2 )
	=	-19.564	/	2.436
	=	-803.12 %

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

Water Ways Technologies (TSXV:WWT) 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.

Water Ways Technologies ROCE % Related Terms

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Water Ways Technologies (TSXV:WWT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Water Ways Technologies Inc (TSXV:WWT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WWTIF:USA WWT:Germany

Address

77 King Street West, Suite 3000, P.O. Box 95, TD Centre, Toronto, ON, CAN, M5K 1G8

Website

https://www.water-ways-technologies.com

Water Ways Technologies Inc is an agro-tech company that specializes in providing water irrigation solutions to agricultural producers. It designs, supplies and installs an irrigation system for application in various agricultural and aquacultural operations. The company has an operation in China, Mexico, Peru, Laos, Ethiopia, and Georgia.

Executives

Ohad Haber

10% Security Holder, Director, Senior Officer

Water Ways Technologies (TSXV:WWT) Headlines

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