Westgate Energy (TSXV:WGT) ROCE % : -68.94% (As of Jun. 2024)

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What is Westgate Energy 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. Westgate Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was -68.94%.

Westgate Energy ROCE % Historical Data

The historical data trend for Westgate Energy'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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Westgate Energy ROCE % Chart

Westgate Energy Annual Data

Trend

Dec22

ROCE %

-5.04

Westgate Energy Quarterly Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-1,643.17	-46.18	-68.94

Westgate Energy ROCE % Calculation

Westgate Energy's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: . 20 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: . 20 )		(A: Dec. 2022 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Westgate Energy'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-8.072	/	( ( (10.763 - 1.686)	+	(15.519 - 1.177) )	/ 2 )
	=	-8.072	/	( ( 9.077	+	14.342 )	/ 2 )
	=	-8.072	/	11.7095
	=	-68.94 %

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

Westgate Energy (TSXV:WGT) 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.

Westgate Energy ROCE % Related Terms

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Westgate Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Westgate Energy Inc (TSXV:WGT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 4th Street SW, Suite 420, Calgary, AB, CAN, T2S 1W3

Website

https://www.westgateenergy.ca

Westgate Energy Inc is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West Central Saskatchewan, where known accumulations of medium and heavy oil are being unlocked via the application of modern drilling techniques utilizing multi-lateral horizontal drilling. The application of these modernized multi-lateral drilling techniques has yielded some of the strongest oil well economics throughout Western Canada.

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