West Mining (XCNQ:WEST) ROCE % : -210.12% (As of Oct. 2024)

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What is West Mining 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 Mining's annualized ROCE % for the quarter that ended in Oct. 2024 was -210.12%.

West Mining ROCE % Historical Data

The historical data trend for West Mining'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 Mining ROCE % Chart

West Mining Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

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-25.55

-108.86

-28.64

-12.68

-71.35

West Mining Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-3.30	-13.64	-6.02	-35.82	-210.12

West Mining ROCE % Calculation

West Mining's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	-5.132	/	( ( (8.603 - 0.272)	+	(6.296 - 0.241) )	/ 2 )
	=	-5.132	/	( (8.331	+	6.055)	/ 2 )
	=	-5.132	/	7.193
	=	-71.35 %

West Mining'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 )
	=	-15.8	/	( ( (9.247 - 0.263)	+	(6.296 - 0.241) )	/ 2 )
	=	-15.8	/	( ( 8.984	+	6.055 )	/ 2 )
	=	-15.8	/	7.5195
	=	-210.12 %

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

West Mining (XCNQ:WEST) 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.

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West Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Mining Corp (XCNQ:WEST) » Definitions » ROCE %

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WESMF:USA 1HL1:Germany

Address

1011 West Cordova Street, Suite 4204, Vancouver, BC, CAN, V6C 0B2

Website

https://www.westminingcorp.ca

West Mining Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral properties. The company is focused on its Kena gold projects in the Nelson Mining Division of south eastern British Columbia, its Spanish Mountain West and Junker gold projects located in northern British Columbia, and its BLUE COVE project located at the head of Fortune Bay, in southeast Newfoundland.

Executives