Western Metallica Resources (TSXV:WMS) ROCE % : 0.00% (As of Mar. 2022)

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What is Western Metallica 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 Metallica Resources's annualized ROCE % for the quarter that ended in Mar. 2022 was 0.00%.

Western Metallica Resources ROCE % Historical Data

The historical data trend for Western Metallica 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 Metallica Resources ROCE % Chart

Western Metallica Resources Annual Data

Trend

Dec19

Dec20

Dec21

ROCE %

-37.38

-261.23

Western Metallica Resources Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22
ROCE %	Get a 7-Day Free Trial			-	-	-	-	-

Western Metallica Resources ROCE % Calculation

Western Metallica Resources's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-0.214	/	( ( (0.085 - 0.15)	+	(8.281 - 8.374) )	/ 2 )
	=	-0.214	/	( (-0.065	+	-0.093)	/ 2 )
	=	-0.214	/	-0.079
	=	270.89 %

Western Metallica Resources's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	-3.112	/	( ( (8.281 - 8.374)	+	(8.197 - 8.459) )	/ 2 )
	=	-3.112	/	( ( -0.093	+	-0.262 )	/ 2 )
	=	-3.112	/	-0.1775
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

Western Metallica Resources (TSXV:WMS) 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 Metallica Resources ROCE % Related Terms

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Western Metallica Resources (TSXV:WMS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

93 Ridley Boulevard, Toronto, ON, CAN, M5M 3L6

Website

https://www.westernmetallicacorp.com

Western Metallica Resources Corp is engaged in the acquisition, exploration, and development of mineral properties in Spain. The company's projects include Penedela, Valledor and Sierra Alta, and Nueva Celti.

Executives

Peter Marcel Imhof

Director, Senior Officer