Watsco (NYSE:WSO) Could Become A Multi-Bagger [Yahoo! Finance]
Watsco, Inc. Class B (WSO.B)
Company Research
Source: Yahoo! Finance
Watsco NYSE:WSO ) looks great, so lets see what the trend can tell us. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Watsco is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.21 = US$730m ÷ (US$4.4b - US$945m) (Based on the trailing twelve months to June 2024) Thus, Watsco has an ROCE of 21%. In absolute terms that's a great return and it's even better than the Trade Distributors industry average of 12%. Above you can see how the current ROCE for Watsco compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Watsco What Does the ROCE Trend For Watsco Tell Us? Watsco is displaying
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