Westhaven Gold (Westhaven Gold) ROCE % : -4.41% (As of Sep. 2023)

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What is Westhaven 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. Westhaven Gold's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.41%.

Westhaven Gold ROCE % Historical Data

The historical data trend for Westhaven 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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Westhaven Gold ROCE % Chart

Westhaven Gold Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-77.49

-18.09

-6.03

-8.47

-3.74

Westhaven Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-6.67	3.63	-12.49	-4.64	-4.41

Westhaven Gold ROCE % Calculation

Westhaven Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.905	/	( ( (23.873 - 0.182)	+	(25.458 - 0.813) )	/ 2 )
	=	-0.905	/	( (23.691	+	24.645)	/ 2 )
	=	-0.905	/	24.168
	=	-3.74 %

Westhaven Gold's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1.076	/	( ( (25.619 - 0.811)	+	(24.845 - 0.8) )	/ 2 )
	=	-1.076	/	( ( 24.808	+	24.045 )	/ 2 )
	=	-1.076	/	24.4265
	=	-4.41 %

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

Westhaven Gold (OTCPK:WTHVF) 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.

Westhaven Gold ROCE % Related Terms

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Westhaven Gold (Westhaven Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westhaven Gold Corp (OTCPK:WTHVF) » Definitions » ROCE %

Comparable Companies

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1W5:Germany WHN:Canada

Address

1056-409 Granville Street, Vancouver, BC, CAN, V6C 1T2

Website

https://www.westhavengold.com

Westhaven Gold Corp is a Canada based exploration company. It is engaged the acquisition and exploration and evaluation activities. The company's properties include the Shovelnose gold property, Prospect valley gold property, Skoonka creek property and Skoonka north gold property.

Westhaven Gold (Westhaven Gold) Headlines

From GuruFocus

Westhaven Drills 12.66 Metres of 39.31 g/t Gold and 133.11 g/t Silver at Shovelnose

By GlobeNewswire GlobeNewswire • 03-18-2019

Westhaven Announces Stock Option Grant

By GlobeNewswire GlobeNewswire • 04-22-2021

Westhaven Announces Voting Results From 2023 Annual General Meeting

By GlobeNewswire • 09-22-2023

Westhaven Increases Size of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-28-2022

Westhaven Shareholders Approve All Motions Put Forth at AGM

By GlobeNewswire GlobeNewswire • 12-13-2019