Westmount Energy (LSE:WTE) ROCE % : -5.51% (As of Dec. 2023)

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What is Westmount Energy 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. Westmount Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.51%.

Westmount Energy ROCE % Historical Data

The historical data trend for Westmount Energy'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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Westmount Energy ROCE % Chart

Westmount Energy Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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32.47

46.51

-0.55

-6.64

-62.23

Westmount Energy Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial															3.11	-2.32	-172.94	-4.18	-5.51

Westmount Energy ROCE % Calculation

Westmount Energy's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-7.427	/	( ( (15.689 - 0.04)	+	(8.275 - 0.053) )	/ 2 )
	=	-7.427	/	( (15.649	+	8.222)	/ 2 )
	=	-7.427	/	11.9355
	=	-62.23 %

Westmount Energy'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-0.28	/	( ( (5.615 - 0.045)	+	(4.623 - 0.036) )	/ 2 )
	=	-0.28	/	( ( 5.57	+	4.587 )	/ 2 )
	=	-0.28	/	5.0785
	=	-5.51 %

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

Westmount Energy (LSE:WTE) 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.

Westmount Energy ROCE % Related Terms

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Westmount Energy (LSE:WTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Westmount Energy Ltd (LSE:WTE) » Definitions » ROCE %

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WMELF:USA

Address

No. 2 The Forum, Grenville Street, Saint Helier, JEY, JE1 4HH

Website

https://www.westmountenergy.com

Westmount Energy Ltd operates as an energy investment company. Its investment strategy is to invest in and provide follow on capital to small and medium sized companies that have growth possibilities. Its portfolio of energy shares includes Argos Resources limited, JHI Associates Inc, Cataleya Energy Corp and others.

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