Western Star Resources (XCNQ:WSR) ROCE % : -35.74% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Western Star 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. Western Star Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.74%.

Western Star Resources ROCE % Historical Data

The historical data trend for Western Star 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.

* Premium members only.

Western Star Resources ROCE % Chart

Western Star Resources Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-5,325.00

-75.22

-80.81

Western Star Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-51.79	-44.94	-152.45	-230.31	-35.74

Western Star Resources ROCE % Calculation

Western Star Resources'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 )
	=	-0.56	/	( ( (0.497 - 0.049)	+	(1.156 - 0.218) )	/ 2 )
	=	-0.56	/	( (0.448	+	0.938)	/ 2 )
	=	-0.56	/	0.693
	=	-80.81 %

Western Star Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.324	/	( ( (0.988 - 0.113)	+	(1.156 - 0.218) )	/ 2 )
	=	-0.324	/	( ( 0.875	+	0.938 )	/ 2 )
	=	-0.324	/	0.9065
	=	-35.74 %

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

Western Star Resources (XCNQ:WSR) 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.

Western Star Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Western Star Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Star Resources (XCNQ:WSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Star Resources Inc (XCNQ:WSR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WSRIF:USA

Address

8988 Fraserton Court, Unit 114B, Burnaby, BC, CAN, V5J 5H8

Website

Western Star Resources Inc is a mineral exploration and development company. Its activities consist of acquiring, exploring, developing, and operating mining properties.

Executives

Blake Morgan

Senior Officer