Wallbridge Mining Co (TSX:WM) ROCE % : -1.40% (As of Dec. 2023)

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What is Wallbridge Mining Co 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. Wallbridge Mining Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.40%.

Wallbridge Mining Co ROCE % Historical Data

The historical data trend for Wallbridge Mining Co'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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Wallbridge Mining Co ROCE % Chart

Wallbridge Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.99

-7.34

0.09

-7.07

-2.34

Wallbridge Mining Co 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															-34.02	-1.04	-0.21	-6.70	-1.40

Wallbridge Mining Co ROCE % Calculation

Wallbridge Mining Co'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 )
	=	-7.411	/	( ( (320.119 - 8.033)	+	(331.169 - 9.471) )	/ 2 )
	=	-7.411	/	( (312.086	+	321.698)	/ 2 )
	=	-7.411	/	316.892
	=	-2.34 %

Wallbridge Mining Co'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 )
	=	-4.456	/	( ( (324.045 - 9.302)	+	(331.169 - 9.471) )	/ 2 )
	=	-4.456	/	( ( 314.743	+	321.698 )	/ 2 )
	=	-4.456	/	318.2205
	=	-1.40 %

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

Wallbridge Mining Co (TSX:WM) 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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Wallbridge Mining Co (TSX:WM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wallbridge Mining Co Ltd (TSX:WM) » Definitions » ROCE %

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WLBMF:USA WC7:Germany

Address

129 Fielding Road, Lively, Greater Sudbury, ON, CAN, P3Y 1L7

Website

https://www.wallbridgemining.com

Wallbridge Mining Co Ltd is engaged in the acquisition, discovery, development, and production of metals focusing on gold, copper, nickel, and platinum group metals. The company owns Sudbury Projects, Quebec Projects, and Equity Investments. Wallbridge is engaged in creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend while respecting the environment and communities where it operates.