WTXR (West Texas Resources) ROCE %: 0.00% (As of Sep. 2023)


What is West Texas Resources ROCE %?

West Texas Resources WTXR ROCE % is 0.00% as of Sep. 2023.

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. West Texas Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

West Texas Resources  (OTCPK:WTXR) 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.

West Texas Resources ROCE % Related Terms

West Texas Resources ROCE % Historical Data

* Premium members only.

The historical data trend for West Texas 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.

West Texas Resources ROCE % Chart

West Texas Resources Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
ROCE %
Get a 7-Day Free Trial -120.28 -61.07 -91.72 -306.74 -318.57

West Texas Resources Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Sep22 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -169.14 -264.92 -342.86 -10.32 0.00

West Texas Resources ROCE % Calculation

West Texas Resources's annualized ROCE % for the fiscal year that ended in Sep. 2016 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2016 )  (A: Sep. 2015 )(A: Sep. 2016 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2016 )  (A: Sep. 2015 )(A: Sep. 2016 )
=-0.223/( ( (0.36 - 0.276) + (0.294 - 0.238) )/ 2 )
=-0.223/( (0.084+0.056)/ 2 )
=-0.223/0.07
=-318.57 %

West Texas Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Sep. 2022 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Sep. 2022 )(Q: Sep. 2023 )
=-0.04/( ( (0 - 0) + (0.156 - 0.165) )/ 1 )
=-0.04/( ( 0 + -0.009 )/ 1 )
=-0.04/-0.009
=0 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
West Texas Resources (WTXR) has a ROCE % of 0.00% as of Sep. 2023.
Is West Texas Resources' ROCE % too high?
West Texas Resources' current ROCE % is 0.00%.
How does West Texas Resources' ROCE % compare to GSPE and FECOF?
West Texas Resources' ROCE % of 0.00% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Texas Resources's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Texas Resources stock overvalued right now?
West Texas Resources (WTXR) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For West Texas Resources (WTXR), the current ROCE % is 0.00% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

West Texas Resources Business Description

Industry EnergyOil & Gas
Address 2628 TX 36 South, Suite 307, Brenham, TX, USA, 77833
West Texas Resources Inc is a United States-based company engaged in the acquisition, exploration, and development of oil and gas properties in North America. The company generates income from leased interests in oil properties in North America.