Wia Gold (ASX:WIA) ROCE % : -7.83% (As of Dec. 2023)

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What is Wia 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. Wia Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.83%.

Wia Gold ROCE % Historical Data

The historical data trend for Wia 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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Wia Gold ROCE % Chart

Wia Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-161.05

-32.42

-51.41

-12.71

-10.72

Wia Gold 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															-10.26	-12.55	-10.37	-8.92	-7.83

Wia Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.528	/	( ( (11.761 - 0.205)	+	(17.231 - 0.279) )	/ 2 )
	=	-1.528	/	( (11.556	+	16.952)	/ 2 )
	=	-1.528	/	14.254
	=	-10.72 %

Wia Gold'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 )
	=	-1.714	/	( ( (17.231 - 0.279)	+	(27.249 - 0.423) )	/ 2 )
	=	-1.714	/	( ( 16.952	+	26.826 )	/ 2 )
	=	-1.714	/	21.889
	=	-7.83 %

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

Wia Gold (ASX:WIA) 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.

Wia Gold ROCE % Related Terms

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Wia Gold (ASX:WIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wia Gold Ltd (ASX:WIA) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Level 1, 1318 Hay Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.wiagold.com.au

Wia Gold Ltd is a gold focused explorer with advanced exploration projects in Cote d'Ivoire and a highly prospective land package in Namibia. It explores for Gold in the Birimian greenstones of Cote d'Ivoire and the Damara belt in Namibia. The principal activities of the company were gold and base metals exploration and evaluation in Namibia and Côte d'lvoire.