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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. Wolverine Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.
The historical data trend for Wolverine 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.
Wolverine Resources Annual Data | |||||||||||||||||||||
Trend | May14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | May23 | |||||||||||
ROCE % | Get a 7-Day Free Trial |
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Wolverine Resources Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
ROCE % | Get a 7-Day Free Trial |
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Wolverine Resources's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: May. 2023 ) | (A: May. 2022 ) | (A: May. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: May. 2023 ) | (A: May. 2022 ) | (A: May. 2023 ) | |||||
= | -0.333 | / | ( ( (0.009 - 0.082) | + | (0.003 - 0.095) ) | / 2 ) | |
= | -0.333 | / | ( (-0.073 | + | -0.092) | / 2 ) | |
= | -0.333 | / | -0.0825 | ||||
= | 403.64 % |
Wolverine Resources's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Feb. 2024 ) | (Q: Nov. 2023 ) | (Q: Feb. 2024 ) | |||||
= | -0.432 | / | ( ( (0.004 - 0.078) | + | (0.022 - 0.082) ) | / 2 ) | |
= | -0.432 | / | ( ( -0.074 | + | -0.06 ) | / 2 ) | |
= | -0.432 | / | -0.067 | ||||
= | 0 % |
(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.
* 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.
Wolverine Resources (OTCPK:WOLV) 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.
Thank you for viewing the detailed overview of Wolverine Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Donald Kenneth Bowins | director | 8955 EMIRY STREET, MISSION A1 V4S 1A6 |
Rich Resources Inc. | 10 percent owner | 3 PIWAS STREET, PO BOX 65, NATUASHISH A4 A0P 1A0 |
Richard Dean Haderer | director, officer: CEO & CFO | 103 HUNTCROFT PLACE NE, CALGARY A0 T2K 4E6 |
Slade Dyer | director | 33219 BROWN CRESCENT, MISSION A1 V2V 2R3 |
Craig Young | director | 2612 TELFORD DRIVE, KAMLOOPS A1 V1S 0A3 |
Bruce Edward Costerd | director, officer: CEO | #55-11020 WILLIAMS ROAD, RICHMOND A1 V7A 1X8 |
Lee Costerd | director, officer: President & Secretary | 4055 MCLEAN ROAD, QUESNEL A1 V2J 6V5 |
Luke Rich | director, officer: VP Expl. & Business Devlp. | P.O. BOX 65, NATUASHISH A4 A0P 1A0 |
David Ian Chalk | director | 20629 86A AVENUE, LANGLEY A1 V1M 3X3 |
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