Warriedar Resources (ASX:WA8) ROCE % : -11.56% (As of Dec. 2024)

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What is Warriedar 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. Warriedar Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -11.56%.

Warriedar Resources ROCE % Historical Data

The historical data trend for Warriedar 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.

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Warriedar Resources ROCE % Chart

Warriedar Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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15.27

-17.39

-21.25

-20.11

-27.92

Warriedar Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-30.09	-26.99	-41.01	-15.61	-11.56

Warriedar Resources ROCE % Calculation

Warriedar Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-20.695	/	( ( (86.019 - 5.993)	+	(72.956 - 4.76) )	/ 2 )
	=	-20.695	/	( (80.026	+	68.196)	/ 2 )
	=	-20.695	/	74.111
	=	-27.92 %

Warriedar Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-8.4	/	( ( (72.956 - 4.76)	+	(80.13 - 2.939) )	/ 2 )
	=	-8.4	/	( ( 68.196	+	77.191 )	/ 2 )
	=	-8.4	/	72.6935
	=	-11.56 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Warriedar Resources (ASX:WA8) 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.

Warriedar Resources ROCE % Related Terms

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Warriedar Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Warriedar Resources Ltd (ASX:WA8) » Definitions » ROCE %

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Traded in Other Exchanges

2KI0:Germany

Address

41-47 Colin Street, Suite 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.warriedarresources.com.au

Warriedar Resources Ltd is engaged in the gold and copper exploration business. There are two segments namely; Western Australian segment and United States segment. The company's focus is on rapidly building resource inventory though modern exploration. The company earns majority of its revenue from its Western Australian Segment.

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