Western Uranium & Vanadium (XCNQ:WUC) ROCE % : -21.39% (As of Dec. 2023)

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What is Western Uranium & Vanadium 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. Western Uranium & Vanadium's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.39%.

Western Uranium & Vanadium ROCE % Historical Data

The historical data trend for Western Uranium & Vanadium'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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Western Uranium & Vanadium ROCE % Chart

Western Uranium & Vanadium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.73

-10.21

-8.27

-2.71

-15.21

Western Uranium & Vanadium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-16.46	-14.26	-14.28	-14.56	-21.39

Western Uranium & Vanadium ROCE % Calculation

Western Uranium & Vanadium'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 )
	=	-6.837	/	( ( (45.106 - 0.912)	+	(46.818 - 1.122) )	/ 2 )
	=	-6.837	/	( (44.194	+	45.696)	/ 2 )
	=	-6.837	/	44.945
	=	-15.21 %

Western Uranium & Vanadium'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 )
	=	-9.256	/	( ( (41.753 - 0.884)	+	(46.818 - 1.122) )	/ 2 )
	=	-9.256	/	( ( 40.869	+	45.696 )	/ 2 )
	=	-9.256	/	43.2825
	=	-21.39 %

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

Western Uranium & Vanadium (XCNQ:WUC) 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.

Western Uranium & Vanadium ROCE % Related Terms

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Western Uranium & Vanadium (XCNQ:WUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Western Uranium & Vanadium Corp (XCNQ:WUC) » Definitions » ROCE %

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WSTRF:USA 7WT:Germany

Address

330 Bay Street, Suite 1400, Toronto, ON, CAN, M5H 2S8

Website

https://www.western-uranium.com

Western Uranium & Vanadium Corp is a Canada based company involved in industrial metals and mines business sector. The company is involved in the acquisition and development of uranium and vanadium resource properties in the states of Utah and Colorado in the United States of America.

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