Worldwide Resources (TSXV:WR.H) ROCE % : 0.00% (As of Dec. 2023)

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What is Worldwide 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. Worldwide Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Worldwide Resources ROCE % Historical Data

The historical data trend for Worldwide 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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Worldwide Resources ROCE % Chart

Worldwide Resources Annual Data

Trend

Dec14

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Dec23

ROCE %

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Worldwide Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
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Worldwide Resources ROCE % Calculation

Worldwide Resources'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 )
	=	-0.078	/	( ( (0.001 - 2.381)	+	(0 - 1.784) )	/ 2 )
	=	-0.078	/	( (-2.38	+	-1.784)	/ 2 )
	=	-0.078	/	-2.082
	=	3.75 %

Worldwide Resources'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 )
	=	-0.1	/	( ( (0.001 - 2.508)	+	(0 - 1.784) )	/ 2 )
	=	-0.1	/	( ( -2.507	+	-1.784 )	/ 2 )
	=	-0.1	/	-2.1455
	=	0 %

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

Worldwide Resources (TSXV:WR.H) 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.

Worldwide Resources ROCE % Related Terms

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Worldwide Resources (TSXV:WR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Worldwide Resources Corp (TSXV:WR.H) » Definitions » ROCE %

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Address

283 - 1771 Robson Street, Vancouver, BC, CAN, V6G 1C9

Website

http://www.elcondorminerals.com

Worldwide Resources Corp is an exploration company that focuses on the acquisition and exploration of mineral properties in Canada.

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