Westward Gold (XCNQ:WG) ROCE % : -26.43% (As of Dec. 2023)

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What is Westward 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. Westward Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.43%.

Westward Gold ROCE % Historical Data

The historical data trend for Westward 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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Westward Gold ROCE % Chart

Westward Gold Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-150.97

-66.83

-10.98

-39.43

-18.26

Westward Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-16.04	-14.72	-23.34	-15.65	-26.43

Westward Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.415	/	( ( (7.723 - 0.143)	+	(8.137 - 0.219) )	/ 2 )
	=	-1.415	/	( (7.58	+	7.918)	/ 2 )
	=	-1.415	/	7.749
	=	-18.26 %

Westward Gold'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.192	/	( ( (8.559 - 0.169)	+	(8.4 - 0.2) )	/ 2 )
	=	-2.192	/	( ( 8.39	+	8.2 )	/ 2 )
	=	-2.192	/	8.295
	=	-26.43 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Westward Gold (XCNQ:WG) 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.

Westward Gold ROCE % Related Terms

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Westward Gold (XCNQ:WG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westward Gold Inc (XCNQ:WG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WGLIF:USA IM50:Germany

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.westwardgold.com

Westward Gold Inc is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. It is also advancing the Mulloy Project in Northern Ontario.

Executives

Colin Moore

Director, Senior Officer

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