Winston Resources (Winston Resources) ROCE % : -402.05% (As of Apr. 2020)

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What is Winston 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. Winston Resources's annualized ROCE % for the quarter that ended in Apr. 2020 was -402.05%.

Winston Resources ROCE % Historical Data

The historical data trend for Winston 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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Winston Resources ROCE % Chart

Winston Resources Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

ROCE %

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-4.68

-113.18

129.10

-57.20

Winston Resources Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20
ROCE %	Get a 7-Day Free Trial															-8.65	-138.60	-86.34	-215.90	-402.05

Winston Resources ROCE % Calculation

Winston Resources's annualized ROCE % for the fiscal year that ended in Jul. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2019 )		(A: Jul. 2018 )		(A: Jul. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2019 )		(A: Jul. 2018 )		(A: Jul. 2019 )
	=	-0.264	/	( ( (0.71 - 0.117)	+	(0.429 - 0.099) )	/ 2 )
	=	-0.264	/	( (0.593	+	0.33)	/ 2 )
	=	-0.264	/	0.4615
	=	-57.20 %

Winston Resources's ROCE % of for the quarter that ended in Apr. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2020 )		(Q: Jan. 2020 )		(Q: Apr. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2020 )		(Q: Jan. 2020 )		(Q: Apr. 2020 )
	=	-0.392	/	( ( (0.219 - 0.067)	+	(0.136 - 0.093) )	/ 2 )
	=	-0.392	/	( ( 0.152	+	0.043 )	/ 2 )
	=	-0.392	/	0.0975
	=	-402.05 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2020) EBIT data.

Winston Resources (GREY:WISRF) 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.

Winston Resources ROCE % Related Terms

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Winston Resources (Winston Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Winston Resources Inc (GREY:WISRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C 3N6

Website

http://www.winstonresourcesinc.com

Winston Resources Inc is engaged in the cannabis business sector.

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