Waskahigan Oil & Gas (XCNQ:WOGC) ROCE % : -33.66% (As of Sep. 2024)

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What is Waskahigan Oil & Gas 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. Waskahigan Oil & Gas's annualized ROCE % for the quarter that ended in Sep. 2024 was -33.66%.

Waskahigan Oil & Gas ROCE % Historical Data

The historical data trend for Waskahigan Oil & Gas'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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Waskahigan Oil & Gas ROCE % Chart

Waskahigan Oil & Gas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

9.52

-11.81

-13.84

Waskahigan Oil & Gas Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-19.35	76.62	-17.53	-43.13	-33.66

Waskahigan Oil & Gas ROCE % Calculation

Waskahigan Oil & Gas's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.125	/	( ( (2.931 - 1.946)	+	(2.637 - 1.815) )	/ 2 )
	=	-0.125	/	( (0.985	+	0.822)	/ 2 )
	=	-0.125	/	0.9035
	=	-13.84 %

Waskahigan Oil & Gas's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.224	/	( ( (2.577 - 1.916)	+	(2.727 - 2.057) )	/ 2 )
	=	-0.224	/	( ( 0.661	+	0.67 )	/ 2 )
	=	-0.224	/	0.6655
	=	-33.66 %

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

Waskahigan Oil & Gas (XCNQ:WOGC) 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.

Waskahigan Oil & Gas ROCE % Related Terms

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Waskahigan Oil & Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Waskahigan Oil & Gas Corp (XCNQ:WOGC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

221 10th Avenue SE, Suite 203, Calgary, AB, CAN, T2G 0V9

Website

https://www.waskahiganoil.com

Waskahigan Oil & Gas Corp engaged in petroleum and natural gas exploration and development activities in western Canada. The company generates revenue from the sale of oil, natural gas and NGLs.

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