WDGNF (Win Metals) ROCE % : -5.09% (As of Dec. 2023)

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What is Win Metals 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. Win Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.09%.

Win Metals ROCE % Historical Data

The historical data trend for Win Metals'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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Win Metals ROCE % Chart

Win Metals Annual Data

Trend

Jun23

Jun24

ROCE %

-4.70

-5.70

Win Metals Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-7.02	-6.89	-5.57	-5.09	-6.39

Win Metals ROCE % Calculation

Win Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.623	/	( ( (31.515 - 2.378)	+	(28.404 - 0.552) )	/ 2 )
	=	-1.623	/	( (29.137	+	27.852)	/ 2 )
	=	-1.623	/	28.4945
	=	-5.70 %

Win Metals'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.462	/	( ( (31.515 - 2.378)	+	(29.335 - 0.986) )	/ 2 )
	=	-1.462	/	( ( 29.137	+	28.349 )	/ 2 )
	=	-1.462	/	28.743
	=	-5.09 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Win Metals (OTCPK:WDGNF) 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.

Win Metals ROCE % Related Terms

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Win Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Win Metals Ltd (OTCPK:WDGNF) » Definitions » ROCE %

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Traded in Other Exchanges

WIN:Australia

Address

220 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.widgienickel.com.au

Win Metals Ltd is a nickel exploration and development company. It holds a vast 240km package of granted mining leases inside the renowned Eastern Goldfields of Western Australia, with exposure to the critical minerals of lithium and nickel.

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