West Wits Mining (ASX:WWI) ROCE % : -7.69% (As of Dec. 2023)

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What is West Wits Mining 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. West Wits Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.69%.

West Wits Mining ROCE % Historical Data

The historical data trend for West Wits Mining'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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West Wits Mining ROCE % Chart

West Wits Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-83.90

-21.87

-3.98

-31.25

-13.16

West Wits Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.09	-97.50	-18.29	-7.78	-7.69

West Wits Mining ROCE % Calculation

West Wits Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.064	/	( ( (27.284 - 4.21)	+	(25.93 - 2.456) )	/ 2 )
	=	-3.064	/	( (23.074	+	23.474)	/ 2 )
	=	-3.064	/	23.274
	=	-13.16 %

West Wits Mining'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.828	/	( ( (25.93 - 2.456)	+	(26.282 - 2.215) )	/ 2 )
	=	-1.828	/	( ( 23.474	+	24.067 )	/ 2 )
	=	-1.828	/	23.7705
	=	-7.69 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

West Wits Mining (ASX:WWI) 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.

West Wits Mining ROCE % Related Terms

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West Wits Mining (ASX:WWI) Business Description

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WMWWF:USA

Address

400 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.westwitsmining.com

West Wits Mining Ltd is an exploration and development company. It focuses on conglomerate gold in two regions, Pilbara and Witwatersrand. The reportable segments of the company are based on the geographic locations of South Africa and Australia. Mining and exploration activities are carried out in South African segments, whereas the Australian segment reflects only the administrative arm of the business that supports the mining and exploration activities in the other two geographical locations. The projects operated by the company are Mt Cecelia, Tambina, Witwatersrand Basin, and Derewo River Gold project. The company operates in one operating segment which is mining & exploration. Geographically it operates in South Africa, Indonesia and Australia.

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