Western Yilgarn NL (ASX:WYX) ROCE % : -25.66% (As of Dec. 2023)

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What is Western Yilgarn NL 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. Western Yilgarn NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -25.66%.

Western Yilgarn NL ROCE % Historical Data

The historical data trend for Western Yilgarn NL'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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Western Yilgarn NL ROCE % Chart

Western Yilgarn NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-100.48

-149.87

-21.18

Western Yilgarn NL 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															-	-275.76	-20.26	-22.35	-25.66

Western Yilgarn NL ROCE % Calculation

Western Yilgarn NL'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 )
	=	-0.917	/	( ( (4.815 - 0.064)	+	(4.016 - 0.108) )	/ 2 )
	=	-0.917	/	( (4.751	+	3.908)	/ 2 )
	=	-0.917	/	4.3295
	=	-21.18 %

Western Yilgarn NL'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 )
	=	-0.946	/	( ( (4.016 - 0.108)	+	(3.732 - 0.267) )	/ 2 )
	=	-0.946	/	( ( 3.908	+	3.465 )	/ 2 )
	=	-0.946	/	3.6865
	=	-25.66 %

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

Western Yilgarn NL (ASX:WYX) 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.

Western Yilgarn NL ROCE % Related Terms

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Western Yilgarn NL (ASX:WYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Yilgarn NL (ASX:WYX) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2A / 300 Fitzgerald Street, Level 1, North Perth, Perth, WA, AUS, 6006

Website

https://www.westernyilgarn.com.au

Western Yilgarn NL is an early-stage mineral exploration company, engaged in the evaluation and development of prospective projects across Western Australia's emerging mining jurisdictions. It holds interest in the Darling Range project and PGE Projects. The Group as one operating segment, as the Group's activities relate to mineral exploration.

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