Metro Mining (Metro Mining) ROCE % : 15.25% (As of Dec. 2023)

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What is Metro 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. Metro Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.25%.

Metro Mining ROCE % Historical Data

The historical data trend for Metro 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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Metro Mining ROCE % Chart

Metro Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.48

-6.40

-65.74

-46.71

-1.02

Metro Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-33.25	-56.62	-43.25	-19.14	15.25

Metro Mining ROCE % Calculation

Metro Mining'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 )
	=	-0.465	/	( ( (87.4 - 49.618)	+	(113.117 - 59.897) )	/ 2 )
	=	-0.465	/	( (37.782	+	53.22)	/ 2 )
	=	-0.465	/	45.501
	=	-1.02 %

Metro Mining'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	9.53	/	( ( (106.035 - 34.234)	+	(113.117 - 59.897) )	/ 2 )
	=	9.53	/	( ( 71.801	+	53.22 )	/ 2 )
	=	9.53	/	62.5105
	=	15.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Metro Mining (OTCPK:MMILF) 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.

Metro Mining ROCE % Related Terms

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Metro Mining (Metro Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metro Mining Ltd (OTCPK:MMILF) » Definitions » ROCE %

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MMI:Australia

Address

247 Adelaide Street, Level 2, Brisbane, QLD, AUS, 4000

Website

https://www.metromining.com.au

Metro Mining Ltd operates as an exploration and mining company. The company explores coal and bauxite. Its flagship project is the Bauxite Hills Mine project located to the north of Weipa on Western Cape York in Queensland and the Bundi project and the Columboola project.

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