Waraba Gold (XCNQ:WBGD) ROCE % : -2,550.82% (As of Jan. 2024)

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What is Waraba Gold 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. Waraba Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -2,550.82%.

Waraba Gold ROCE % Historical Data

The historical data trend for Waraba Gold'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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Waraba Gold ROCE % Chart

Waraba Gold Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-112.17

-95.21

-913.01

-180.03

-320.71

Waraba Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															161.15	-207.78	-245.68	-350.57	-2,550.82

Waraba Gold ROCE % Calculation

Waraba Gold's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.169	/	( ( (0.896 - 0.666)	+	(0.749 - 0.25) )	/ 2 )
	=	-1.169	/	( (0.23	+	0.499)	/ 2 )
	=	-1.169	/	0.3645
	=	-320.71 %

Waraba Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.556	/	( ( (0.529 - 0.332)	+	(0.266 - 0.341) )	/ 2 )
	=	-1.556	/	( ( 0.197	+	-0.075 )	/ 2 )
	=	-1.556	/	0.061
	=	-2,550.82 %

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

Waraba Gold (XCNQ:WBGD) 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.

Waraba Gold ROCE % Related Terms

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Waraba Gold (XCNQ:WBGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Waraba Gold Ltd (XCNQ:WBGD) » Definitions » ROCE %

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WARAF:USA ZE0:Germany

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.warabagold.com

Waraba Gold Ltd is a mineral exploration company in British Columbia, Canada. It is engaged in acquiring and exploring mineral properties. The projects carried out by the company include Mali Gold Project and Scotch Creek Property. The Company operates in a single reportable operating segment; exploration and evaluation business in two geographical areas, Canada, and Mali.

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