Wedgemount Resources (XCNQ:WDGY) ROCE % : -68.80% (As of Oct. 2024)

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What is Wedgemount 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. Wedgemount Resources's annualized ROCE % for the quarter that ended in Oct. 2024 was -68.80%.

Wedgemount Resources ROCE % Historical Data

The historical data trend for Wedgemount 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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Wedgemount Resources ROCE % Chart

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

ROCE %

-146.52

-54.95

-33.79

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial											-15.98	-28.99	-24.70	-54.09	-68.80

Wedgemount Resources ROCE % Calculation

Wedgemount Resources's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-1.374	/	( ( (5.162 - 0.991)	+	(7.432 - 3.47) )	/ 2 )
	=	-1.374	/	( (4.171	+	3.962)	/ 2 )
	=	-1.374	/	4.0665
	=	-33.79 %

Wedgemount Resources's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-4.312	/	( ( (7.432 - 3.47)	+	(13.664 - 5.091) )	/ 2 )
	=	-4.312	/	( ( 3.962	+	8.573 )	/ 2 )
	=	-4.312	/	6.2675
	=	-68.80 %

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

Wedgemount Resources (XCNQ:WDGY) 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.

Wedgemount Resources ROCE % Related Terms

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Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (XCNQ:WDGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2303 Lawson Avenue, West Vancouver, BC, CAN, V7V 2E5

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development and operation of petroleum and natural gas in the U.S.A. The company's project includes Willowbend, TCS and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.

Executives

Steven Edward Vanry	Senior Officer
Mark Andrew Vanry	10% Security Holder, Director, Senior Officer
Richard Sean Barth	Director

Wedgemount Resources Headlines

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