Winsome Resources (ASX:WR1) ROCE % : -28.80% (As of Dec. 2023)

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What is Winsome 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. Winsome Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.80%.

Winsome Resources ROCE % Historical Data

The historical data trend for Winsome 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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Winsome Resources ROCE % Chart

Winsome Resources Annual Data

Trend

Jun22

Jun23

ROCE %

-13.12

-35.19

Winsome Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-12.57	-12.93	-71.48	-32.93	-28.80

Winsome Resources ROCE % Calculation

Winsome Resources'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 )
	=	-17.068	/	( ( (25.082 - 0.377)	+	(83.086 - 10.785) )	/ 2 )
	=	-17.068	/	( (24.705	+	72.301)	/ 2 )
	=	-17.068	/	48.503
	=	-35.19 %

Winsome Resources'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 )
	=	-23.732	/	( ( (83.086 - 10.785)	+	(111.551 - 19.037) )	/ 2 )
	=	-23.732	/	( ( 72.301	+	92.514 )	/ 2 )
	=	-23.732	/	82.4075
	=	-28.80 %

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

Winsome Resources (ASX:WR1) 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.

Winsome Resources ROCE % Related Terms

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Winsome Resources (ASX:WR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Winsome Resources Ltd (ASX:WR1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WRSLF:USA 4XJ:Germany

Address

16 Ord Street, Level 1, West Perth, WA, AUS, 6005

Website

https://www.winsomeresources.com.au

Winsome Resources Ltd is engaged in the exploration of lithium. The company's established portfolio of exploration lithium projects is in the James Bay Region of Quebec Province, Canada. The company operates through five projects - Cancet, Adina, Sirmac-Clapier, Decelles, and Mazarac.

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