Headwater Gold (XCNQ:HWG) ROCE % : 16.67% (As of Nov. 2023)

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What is Headwater 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. Headwater Gold's annualized ROCE % for the quarter that ended in Nov. 2023 was 16.67%.

Headwater Gold ROCE % Historical Data

The historical data trend for Headwater 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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Headwater Gold ROCE % Chart

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

ROCE %

-34.33

33.39

-45.98

-14.63

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial											-0.19	-9.34	-12.36	11.47	16.67

Headwater Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-1.015	/	( ( (5.777 - 0.237)	+	(8.772 - 0.439) )	/ 2 )
	=	-1.015	/	( (5.54	+	8.333)	/ 2 )
	=	-1.015	/	6.9365
	=	-14.63 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	1.736	/	( ( (15.559 - 3.929)	+	(13.795 - 4.596) )	/ 2 )
	=	1.736	/	( ( 11.63	+	9.199 )	/ 2 )
	=	1.736	/	10.4145
	=	16.67 %

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

Headwater Gold (XCNQ:HWG) 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.

Headwater Gold ROCE % Related Terms

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Headwater Gold (XCNQ:HWG) Business Description

Industry

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

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Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

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