Widgie Nickel (ASX:WIN) ROCE % : -5.09% (As of Dec. 2023)

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What is Widgie Nickel 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. Widgie Nickel's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.09%.

Widgie Nickel ROCE % Historical Data

The historical data trend for Widgie Nickel'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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Widgie Nickel ROCE % Chart

Widgie Nickel Annual Data

Trend

Jun23

ROCE %

-5.21

Widgie Nickel Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
ROCE %	-	-7.21	-7.10	-5.59	-5.09

Widgie Nickel ROCE % Calculation

Widgie Nickel'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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Widgie Nickel'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 )
	=	-2.184	/	( ( (46.958 - 3.543)	+	(43.827 - 1.473) )	/ 2 )
	=	-2.184	/	( ( 43.415	+	42.354 )	/ 2 )
	=	-2.184	/	42.8845
	=	-5.09 %

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

Widgie Nickel (ASX:WIN) 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.

Widgie Nickel ROCE % Related Terms

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Widgie Nickel (ASX:WIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Widgie Nickel Ltd (ASX:WIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WDGNF:USA

Address

220 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.widgienickel.com.au

Widgie Nickel Ltd is a nickel exploration and development company. Its projects include Widgie South, Widgie North, Widgie West, and Lake Eaton-Mt Eaton. The company operates in given segments comprised of exploration and development activities over the Mt Edwards Project. It operates in a single geographical area which is Australia.

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