Western Resources (FRA:WR0) ROCE % : -0.06% (As of Jun. 2024)

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What is Western 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. Western Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -0.06%.

Western Resources ROCE % Historical Data

The historical data trend for Western 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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Western Resources ROCE % Chart

Western Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-0.58

-1.95

-1.23

1.98

1.01

Western Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-0.71	0.01	1.00	-1.85	-0.06

Western Resources ROCE % Calculation

Western Resources's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	2.286	/	( ( (230.562 - 10.886)	+	(243.13 - 9.55) )	/ 2 )
	=	2.286	/	( (219.676	+	233.58)	/ 2 )
	=	2.286	/	226.628
	=	1.01 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.132	/	( ( (250.113 - 17.678)	+	(251.066 - 18.431) )	/ 2 )
	=	-0.132	/	( ( 232.435	+	232.635 )	/ 2 )
	=	-0.132	/	232.535
	=	-0.06 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Western Resources (FRA:WR0) 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 Resources ROCE % Related Terms

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Western Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Resources Corp (FRA:WR0) » Definitions » ROCE %

Comparable Companies

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WTRNF:USA WR0:Germany WRX:Canada

Address

666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.westernresources.com

Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.

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