Metals Acquisition (STU:7OI) ROCE % : -8.21% (As of Mar. 2023)

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What is Metals Acquisition 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. Metals Acquisition's annualized ROCE % for the quarter that ended in Mar. 2023 was -8.21%.

Metals Acquisition ROCE % Historical Data

The historical data trend for Metals Acquisition'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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Metals Acquisition ROCE % Chart

Metals Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-1.89

-18.67

Metals Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial					-2.54	-2.73	0.07	-8.21	-

Metals Acquisition ROCE % Calculation

Metals Acquisition'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 )
	=	-109.077	/	( ( (255.06 - 17.211)	+	(1197.513 - 266.762) )	/ 2 )
	=	-109.077	/	( (237.849	+	930.751)	/ 2 )
	=	-109.077	/	584.3
	=	-18.67 %

Metals Acquisition's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-19.376	/	( ( (255.06 - 17.211)	+	(255.587 - 21.576) )	/ 2 )
	=	-19.376	/	( ( 237.849	+	234.011 )	/ 2 )
	=	-19.376	/	235.93
	=	-8.21 %

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

Metals Acquisition (STU:7OI) 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.

Metals Acquisition ROCE % Related Terms

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Metals Acquisition (STU:7OI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Acquisition Ltd (STU:7OI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MTAL:USA

Address

44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG

Website

https://www.metalsacquisition.com

Metals Acquisition Ltd is a company focused on operating and acquiring metals and mining businesses in high-quality, stable jurisdictions that are critical in the electrification and decarbonization of the economy. It works in a single segment: the mining and production of copper and silver from the CSA Mine.

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