Western Copper & Gold (TSX:WRN) ROCE % : -3.72% (As of Dec. 2023)

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What is Western Copper & 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. Western Copper & Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.72%.

Western Copper & Gold ROCE % Historical Data

The historical data trend for Western Copper & 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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Western Copper & Gold ROCE % Chart

Western Copper & Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.18

-4.14

-5.30

-5.07

-4.12

Western Copper & Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.35	-4.79	-3.62	-4.29	-3.72

Western Copper & Gold ROCE % Calculation

Western Copper & Gold's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-5.135	/	( ( (114.383 - 4.468)	+	(143.918 - 4.462) )	/ 2 )
	=	-5.135	/	( (109.915	+	139.456)	/ 2 )
	=	-5.135	/	124.6855
	=	-4.12 %

Western Copper & 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.088	/	( ( (141.081 - 7.34)	+	(143.918 - 4.462) )	/ 2 )
	=	-5.088	/	( ( 133.741	+	139.456 )	/ 2 )
	=	-5.088	/	136.5985
	=	-3.72 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Western Copper & Gold (TSX:WRN) 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 Copper & Gold ROCE % Related Terms

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Western Copper & Gold (TSX:WRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Copper & Gold Corp (TSX:WRN) » Definitions » ROCE %

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Traded in Other Exchanges

WRN:USA 31WN:Germany

Address

1166 Alberni Street, Suite 1200, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.westerncopperandgold.com

Western Copper & Gold Corp is a Canada-based exploration-stage company. It is engaged in the exploration and development of the Casino mineral property located in Yukon, Canada (the Casino Project). The Company's operations are in one segment: the acquisition, exploration, and future development of mineral resource properties.