Aurwest Resources (XCNQ:AWR) ROCE % : -91.91% (As of Mar. 2024)

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What is Aurwest 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. Aurwest Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -91.91%.

Aurwest Resources ROCE % Historical Data

The historical data trend for Aurwest 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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Aurwest Resources ROCE % Chart

Aurwest Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

Dec21

Dec22

Dec23

ROCE %

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-23.60

-18.35

-23.93

Aurwest Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-10.13	-12.74	-9.66	-41.55	-91.91

Aurwest Resources ROCE % Calculation

Aurwest Resources'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 )
	=	-0.594	/	( ( (4.776 - 0.336)	+	(1.064 - 0.54) )	/ 2 )
	=	-0.594	/	( (4.44	+	0.524)	/ 2 )
	=	-0.594	/	2.482
	=	-23.93 %

Aurwest Resources's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.432	/	( ( (1.064 - 0.54)	+	(0.987 - 0.571) )	/ 2 )
	=	-0.432	/	( ( 0.524	+	0.416 )	/ 2 )
	=	-0.432	/	0.47
	=	-91.91 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Aurwest Resources (XCNQ:AWR) 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.

Aurwest Resources ROCE % Related Terms

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Aurwest Resources (XCNQ:AWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aurwest Resources Corp (XCNQ:AWR) » Definitions » ROCE %

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AURWF:USA

Address

340 - 12th Avenue SW, Suite 650, Calgary, AB, CAN, T2R1L5

Website

https://www.aurwestresources.com

Aurwest Resources Corp is a junior mining exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties. The company's project includes Stellar; Paradise Lake and Miguels Lake. It operates in one reportable operating segment, being the acquisition and development of exploration and evaluation assets in Canada.

Executives

Colin Byrne Christensen

Director, Senior Officer