Western Exploration (Western Exploration) ROCE % : -36.74% (As of Dec. 2023)

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What is Western Exploration 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 Exploration's annualized ROCE % for the quarter that ended in Dec. 2023 was -36.74%.

Western Exploration ROCE % Historical Data

The historical data trend for Western Exploration'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 Exploration ROCE % Chart

Western Exploration Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-87.07

-17.73

-50.38

-48.43

Western Exploration Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					-28.64	-31.16	-33.91	-77.03	-36.74

Western Exploration ROCE % Calculation

Western Exploration'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 )
	=	-4.577	/	( ( (9.976 - 0.124)	+	(9.297 - 0.249) )	/ 2 )
	=	-4.577	/	( (9.852	+	9.048)	/ 2 )
	=	-4.577	/	9.45
	=	-48.43 %

Western Exploration'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 )
	=	-3.452	/	( ( (10.183 - 0.439)	+	(9.297 - 0.249) )	/ 2 )
	=	-3.452	/	( ( 9.744	+	9.048 )	/ 2 )
	=	-3.452	/	9.396
	=	-36.74 %

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

Western Exploration (OTCPK:WEXPF) 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 Exploration ROCE % Related Terms

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Western Exploration (Western Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Exploration Inc (OTCPK:WEXPF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WEX:Canada

Address

121 Woodland Avenue, Suite 140, Reno, NV, USA, 89523

Website

https://www.westernexploration.com

Western Exploration Inc is a Nevada-focused precious metals exploration company, aiming to be a gold and silver development company in North America. Its principal asset is the Aura gold-silver project located in Elko County, Nevada.

Western Exploration (Western Exploration) Headlines

From GuruFocus

InvestmentPitch Media Video Discusses Western Exploration's Start of its 2022 Diamond Drill Program at its Aura Gold-Silver Project in Nevada

By PurpleRose PurpleRose • 07-27-2022