Wealth Minerals (Wealth Minerals) ROCE % : -16.15% (As of Feb. 2024)

View and export this data going back to . Start your Free Trial

What is Wealth 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. Wealth Minerals's annualized ROCE % for the quarter that ended in Feb. 2024 was -16.15%.

Wealth Minerals ROCE % Historical Data

The historical data trend for Wealth 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.

* Premium members only.

Wealth Minerals ROCE % Chart

Wealth Minerals Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

Get a 7-Day Free Trial

-44.80

-15.48

-22.57

-8.56

-18.91

Wealth Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-19.72	-16.21	-16.77	-21.01	-16.15

Wealth Minerals ROCE % Calculation

Wealth Minerals's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-7.605	/	( ( (41.176 - 0.506)	+	(40.369 - 0.585) )	/ 2 )
	=	-7.605	/	( (40.67	+	39.784)	/ 2 )
	=	-7.605	/	40.227
	=	-18.91 %

Wealth Minerals's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-6.396	/	( ( (40.369 - 0.585)	+	(39.822 - 0.418) )	/ 2 )
	=	-6.396	/	( ( 39.784	+	39.404 )	/ 2 )
	=	-6.396	/	39.594
	=	-16.15 %

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

Wealth Minerals (OTCPK:WMLLF) 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.

Wealth Minerals ROCE % Related Terms

Thank you for viewing the detailed overview of Wealth Minerals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Wealth Minerals (Wealth Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wealth Minerals Ltd (OTCPK:WMLLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EJZN:Germany WML:Canada

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.wealthminerals.com

Wealth Minerals Ltd is an operator of a mineral resource company intended to serve in metals and minerals. The company's business activity is the exploration of minerals and the development of exploration and evaluation assets and includes other project portfolios, thereby focusing on the acquisition and development of lithium projects. The company operates in one industry segment, being mineral resources industry.