Western Gold Resources (ASX:WGR) ROCE % : -180.79% (As of Dec. 2023)

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What is Western Gold Resources 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. Western Gold Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -180.79%.

Western Gold Resources ROCE % Historical Data

The historical data trend for Western Gold Resources'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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Western Gold Resources ROCE % Chart

Western Gold Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-3,468.89

-317.59

-107.50

Western Gold Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-67.84	-116.59	-118.90	-127.54	-180.79

Western Gold Resources ROCE % Calculation

Western Gold Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.907	/	( ( (2.92 - 0.441)	+	(1.292 - 0.223) )	/ 2 )
	=	-1.907	/	( (2.479	+	1.069)	/ 2 )
	=	-1.907	/	1.774
	=	-107.50 %

Western Gold Resources'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.172	/	( ( (1.292 - 0.223)	+	(2.565 - 0.125) )	/ 2 )
	=	-3.172	/	( ( 1.069	+	2.44 )	/ 2 )
	=	-3.172	/	1.7545
	=	-180.79 %

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

Western Gold Resources (ASX:WGR) 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.

Western Gold Resources ROCE % Related Terms

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Western Gold Resources (ASX:WGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Gold Resources Ltd (ASX:WGR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

46 Colin Street, Level 4, West Perth, Perth, AUS, 6005

Website

https://www.westerngoldresources.com.au

Western Gold Resources Ltd focuses on the exploration of gold properties in Western Australia and West Africa. The company intends to explore the Wiluna West Gold Project located near the town of Wiluna in the Midwest region of Western Australia.

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