West African Resources (West African Resources) ROCE % : 23.53% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is West African 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. West African Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.53%.

West African Resources ROCE % Historical Data

The historical data trend for West African 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.

* Premium members only.

West African Resources ROCE % Chart

West African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-4.40

55.74

81.66

36.20

25.70

West African Resources 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															116.62	46.04	28.13	30.23	23.53

West African Resources ROCE % Calculation

West African 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 )
	=	162.559	/	( ( (592.918 - 59.094)	+	(817.161 - 86.108) )	/ 2 )
	=	162.559	/	( (533.824	+	731.053)	/ 2 )
	=	162.559	/	632.4385
	=	25.70 %

West African Resources'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 )
	=	155.554	/	( ( (672.411 - 81.297)	+	(817.161 - 86.108) )	/ 2 )
	=	155.554	/	( ( 591.114	+	731.053 )	/ 2 )
	=	155.554	/	661.0835
	=	23.53 %

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

West African Resources (OTCPK:WFRSF) 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 African Resources ROCE % Related Terms

Thank you for viewing the detailed overview of West African Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

West African Resources (West African Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West African Resources Ltd (OTCPK:WFRSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

W25:Germany WAF:Australia

Address

1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.westafricanresources.com

West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The company operates in two segments: Mining operations and Exploration.