West Point Gold (TSXV:WPG) ROCE % : -11.45% (As of Sep. 2024)

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What is West Point 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. West Point Gold's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.45%.

West Point Gold ROCE % Historical Data

The historical data trend for West Point 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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West Point Gold ROCE % Chart

West Point Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-71.12

-25.92

-14.11

-8.51

West Point Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-8.28	-7.66	-6.81	-11.13	-11.45

West Point Gold ROCE % Calculation

West Point 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 )
	=	-0.563	/	( ( (6.797 - 0.115)	+	(6.806 - 0.263) )	/ 2 )
	=	-0.563	/	( (6.682	+	6.543)	/ 2 )
	=	-0.563	/	6.6125
	=	-8.51 %

West Point Gold's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.808	/	( ( (7.279 - 0.186)	+	(7.399 - 0.375) )	/ 2 )
	=	-0.808	/	( ( 7.093	+	7.024 )	/ 2 )
	=	-0.808	/	7.0585
	=	-11.45 %

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

West Point Gold (TSXV:WPG) 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.

West Point Gold ROCE % Related Terms

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West Point Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Point Gold Corp (TSXV:WPG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WPGCF:USA LRA0:Germany LRA0:Germany

Address

Manotick, P.O. Box 279, Ottawa, ON, CAN, K4M 1A3

Website

https://www.gold79mines.com

West Point Gold Corp is an exploration-stage junior mining company. The company has five gold projects, two of which are partnered with gold producers, Kinross at Jefferson Canyon and Agnico Eagle at Greyhound. The company is focused on establishing a maiden resource at its Gold Chain project in Arizona while advancing its Jefferson North and Tip Top Projects in Nevada.

Executives

Anthony Michael Paterson	Director
John Darin Mcneice	Senior Officer
Gary Robert Thompson	Director
Derek Macpherson	Senior Officer

West Point Gold Headlines

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