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Molten Metals (XCNQ:MOLT) ROE % : -56.72% (As of Dec. 2023)


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What is Molten Metals ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Molten Metals's annualized net income for the quarter that ended in Dec. 2023 was C$-0.54 Mil. Molten Metals's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was C$0.95 Mil. Therefore, Molten Metals's annualized ROE % for the quarter that ended in Dec. 2023 was -56.72%.

The historical rank and industry rank for Molten Metals's ROE % or its related term are showing as below:

XCNQ:MOLT' s ROE % Range Over the Past 10 Years
Min: -34.92   Med: -33.08   Max: -3.47
Current: -33.25

During the past 3 years, Molten Metals's highest ROE % was -3.47%. The lowest was -34.92%. And the median was -33.08%.

XCNQ:MOLT's ROE % is ranked worse than
65.02% of 2476 companies
in the Metals & Mining industry
Industry Median: -16.17 vs XCNQ:MOLT: -33.25

Molten Metals ROE % Historical Data

The historical data trend for Molten Metals's ROE % 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.

Molten Metals ROE % Chart

Molten Metals Annual Data
Trend Dec21 Dec22 Dec23
ROE %
-3.47 -34.92 -33.08

Molten Metals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.91 -34.37 -25.18 -18.86 -56.72

Competitive Comparison of Molten Metals's ROE %

For the Gold subindustry, Molten Metals's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Molten Metals's ROE % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Molten Metals's ROE % distribution charts can be found below:

* The bar in red indicates where Molten Metals's ROE % falls into.



Molten Metals ROE % Calculation

Molten Metals's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-0.348/( (1.226+0.878)/ 2 )
=-0.348/1.052
=-33.08 %

Molten Metals's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=-0.536/( (1.012+0.878)/ 2 )
=-0.536/0.945
=-56.72 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Molten Metals  (XCNQ:MOLT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-0.536/0.945
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-0.536 / 0)*(0 / 0.9995)*(0.9995 / 0.945)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.0577
=ROA %*Equity Multiplier
=N/A %*1.0577
=-56.72 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-0.536/0.945
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-0.536 / -0.536) * (-0.536 / -0.416) * (-0.416 / 0) * (0 / 0.9995) * (0.9995 / 0.945)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.2885 * N/A % * 0 * 1.0577
=-56.72 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Molten Metals ROE % Related Terms

Thank you for viewing the detailed overview of Molten Metals's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Molten Metals (XCNQ:MOLT) Business Description

Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7
Molten Metals Corp is a mineral resource company engaged in the acquisition and exploration of mineral properties, with a focus on critical metal projects, particularly Antimony and Tin. The company's principal mineral project is the West Gore Antimony/Gold Property situated in Nova Scotia. It has two geographically reportable operating segments focused on the acquisition and exploration of mineral properties in Canada and Slovakia.
Executives
Rana Gurvinder Vig Director

Molten Metals (XCNQ:MOLT) Headlines

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