WAMFF (Western Alaska Minerals) ROCE % : -8.03% (As of Sep. 2024)

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What is Western Alaska Minerals 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 Alaska Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.03%.

Western Alaska Minerals ROCE % Historical Data

The historical data trend for Western Alaska Minerals'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 Alaska Minerals ROCE % Chart

Western Alaska Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-1.87

-21.44

-11.92

-15.02

Western Alaska Minerals Quarterly Data
	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													-11.62	-10.08	-9.86	-10.18	-8.03

Western Alaska Minerals ROCE % Calculation

Western Alaska Minerals'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 )
	=	-4.242	/	( ( (27.716 - 2.159)	+	(32.079 - 1.162) )	/ 2 )
	=	-4.242	/	( (25.557	+	30.917)	/ 2 )
	=	-4.242	/	28.237
	=	-15.02 %

Western Alaska Minerals'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 )
	=	-2.788	/	( ( (36.6 - 1.958)	+	(36.085 - 1.302) )	/ 2 )
	=	-2.788	/	( ( 34.642	+	34.783 )	/ 2 )
	=	-2.788	/	34.7125
	=	-8.03 %

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

Western Alaska Minerals (OTCPK:WAMFF) 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 Alaska Minerals ROCE % Related Terms

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Western Alaska Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Alaska Minerals Corp (OTCPK:WAMFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MK71:Germany WAM:Canada

Address

3573 East Sunrise Drive, Suite 233, Tucson, AZ, USA, 85718

Website

https://www.westernalaskaminerals.com

Western Alaska Minerals Corp is engaged in the mineral exploration and development business. The company is focused on exploring the Illinois Creek Mining District in Western Alaska. The group's projects include IC Oxide Gold, Round Top Project, Honker Project, Waterpump Creek and TG North. Its portfolio consists of mineral deposits namely gold, silver, copper, and zinc.