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

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

West Texas Resources ROCE % Historical Data

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.

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West Texas Resources ROCE % Chart

West Texas Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

ROCE %

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-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															-169.14	-264.92	-342.86	-10.32	-

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.

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

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West Texas Resources (West Texas Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » West Texas Resources Inc (OTCPK:WTXR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5729 Lebanon Road, Suite 144, Frisco, TX, USA, 75034

Website

http://www.westtexasresources.com

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 targets both new and existing fields and producing wells to be revitalized.

West Texas Resources (West Texas Resources) Headlines

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West Texas Resources signs Joint Venture Agreement

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