WGXRF (Westgold Resources) Operating Income: $416 Mil (TTM As of Dec. 2025)

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WGXRF Westgold Resources Ltd WGXRF
77 GF Score
Price $3.29
GF Value $3.19
Valuation Fairly Valued
! 5 Warning Signs
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What is Westgold Resources Operating Income?

Westgold Resources WGXRF +1.86% 77 Operating Income is $416 Mil as of Dec. 2025. GuruFocus rates WGXRF with a GF Score™ of 77/100 and a GF Value™ of $3.19 (Fairly Valued). The stock has 5 warning signs investors should review.

Westgold Resources's Operating Income for the six months ended in Dec. 2025 was $277 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $416 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Westgold Resources's Operating Income for the six months ended in Dec. 2025 was $277 Mil. Westgold Resources's Revenue for the six months ended in Dec. 2025 was $822 Mil. Therefore, Westgold Resources's Operating Margin % for the quarter that ended in Dec. 2025 was 33.68%.

Good Sign:

Westgold Resources Ltd operating margin is expanding. Margin expansion is usually a good sign.

Westgold Resources's 5-Year average Growth Rate for Operating Margin % was 18.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Westgold Resources's annualized ROC % for the quarter that ended in Dec. 2025 was 21.04%. Westgold Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 22.30%.


Westgold Resources  (OTCPK:WGXRF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Westgold Resources's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=553.936 * ( 1 - 29.54% )/( (1877.69 + 1832.634)/ 2 )
=390.3033056/1855.162
=21.04 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2086.595 - 167.753 - ( 156.411 - max(0, 255.972 - 297.124+156.411))
=1877.69

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2294.447 - 238.153 - ( 348.541 - max(0, 308.693 - 532.353+348.541))
=1832.634

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Westgold Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=384.28/( ( (1759.487 + max(-73.325, 0)) + (1687.193 + max(-82.88, 0)) )/ 2 )
=384.28/( ( 1759.487 + 1687.193 )/ 2 )
=384.28/1723.34
=22.30 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 107.988 + 9.256) - (167.753 + 0 + 22.816)
=-73.325

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.5 + 109.779 + 62.533) - (238.153 + 0 + 28.539)
=-82.88

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Westgold Resources's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=276.968/822.301
=33.68 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Westgold Resources Operating Income Related Terms


Westgold Resources Operating Income Historical Data

* Premium members only.

The historical data trend for Westgold Resources's Operating Income 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.

Westgold Resources Operating Income Chart

Westgold Resources Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only 80.89 9.98 3.63 85.95 152.97

Westgold Resources Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.38 44.90 13.88 138.70 276.97
WGXRF
77GF Score
Westgold Resources Ltd WGXRF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Westgold Resources Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $416 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $416 Mil mean?
Westgold Resources (WGXRF) has a Operating Income of $416 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Westgold Resources and its competitors.
Is Westgold Resources' Operating Income too high?
Westgold Resources' current Operating Income is $416 Mil. Overall, Westgold Resources has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Westgold Resources' Operating Income compare to NEM and AU?
Westgold Resources' Operating Income of $416 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Metals & Mining company?
A good Operating Income depends on the Metals & Mining industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Westgold Resources and its competitors. Westgold Resources's current Operating Income is $416 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westgold Resources stock overvalued right now?
Based on GuruFocus' analysis, Westgold Resources (WGXRF) is currently considered Fairly Valued. The stock's GF Value™ is $3.19, compared to a current price of $3.29 — trading 3.1% above its estimated fair value. The current Operating Income is $416 Mil. Westgold Resources' overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Westgold Resources (WGXRF), the current Operating Income is $416 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Westgold Resources (WGXRF) Overvalued in 2026?

Based on GuruFocus' analysis, Westgold Resources stock appears to be overvalued. The current stock price of $3.29 is trading 3.1% above its estimated GF Value™ of $3.19. GuruFocus considers Westgold Resources to be Fairly Valued.

Key valuation signals for WGXRF:

  • Operating Income: $416 Mil
  • GF Value™: $3.19 vs. price of $3.29 (3.1% above fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the WGXRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Westgold Resources Business Description

Address 200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000
Westgold Resources Ltd is a gold producer with a large and strategic landholding across two of Western Australia's prolific gold regions, the Murchison and the Southern Goldfields. The group has acquired several square kilometers of land holdings and operates multiple underground mines and four processing hubs across these regions. Its reportable segments are: Murchison and Southern Goldfields. The majority of the group's revenue is generated from the Murchison segment, which incorporates the operations of its three processing hubs at Cue, Meekatharra, and Fortnum. The group generates maximum revenue from the sale of gold at spot, and the rest from the sale of silver.
77GF Score

Get the complete analysis for WGXRF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.29
Price
$3.19
GF Value