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Metals Acquisition (Metals Acquisition) Asset Turnover : 0.00 (As of Mar. 2023)


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What is Metals Acquisition Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Metals Acquisition's Revenue for the three months ended in Mar. 2023 was $0.0 Mil. Metals Acquisition's Total Assets for the quarter that ended in Mar. 2023 was $271.9 Mil. Therefore, Metals Acquisition's Asset Turnover for the quarter that ended in Mar. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Metals Acquisition's annualized ROE % for the quarter that ended in Mar. 2023 was -19.04%. It is also linked to ROA % through Du Pont Formula. Metals Acquisition's annualized ROA % for the quarter that ended in Mar. 2023 was -7.69%.


Metals Acquisition Asset Turnover Historical Data

The historical data trend for Metals Acquisition's Asset Turnover 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.

Metals Acquisition Asset Turnover Chart

Metals Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Asset Turnover
- - 0.20

Metals Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Metals Acquisition's Asset Turnover

For the Copper subindustry, Metals Acquisition's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Metals Acquisition's Asset Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Metals Acquisition's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Metals Acquisition's Asset Turnover falls into.



Metals Acquisition Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Metals Acquisition's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=158.999/( (270.191+1305.903)/ 2 )
=158.999/788.047
=0.20

Metals Acquisition's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=0/( (270.191+273.648)/ 2 )
=0/271.9195
=0.00

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Metals Acquisition  (NYSE:MTAL) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Metals Acquisition's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=-20.908/109.797
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-20.908 / 0)*(0 / 271.9195)*(271.9195/ 109.797)
=Net Margin %*Asset Turnover*Equity Multiplier
= %*0*2.4766
=ROA %*Equity Multiplier
=-7.69 %*2.4766
=-19.04 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Metals Acquisition's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=-20.908/271.9195
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-20.908 / 0)*(0 / 271.9195)
=Net Margin %*Asset Turnover
= %*0
=-7.69 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) revenue data.

* 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Metals Acquisition Asset Turnover Related Terms

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Metals Acquisition (Metals Acquisition) Business Description

Traded in Other Exchanges
Address
44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG
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.
Executives
Patrice E Merrin director 92 BIRCH AVENUE, TORONTO A6 M4V1C8
Rhett Bennett director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Michael Mcmullen director, officer: Chief Executive Officer P O BOX 1523, WEST PERTH C3 6872
Green Mountain Metals Llc 10 percent owner 425 HOUSTON STREET, FORT WORTH TX 76102
Charles D Mcconnell director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Rasmus Kristoffer Gerdeman director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Neville Joseph Power director 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Dan Vujcic officer: Chief Development Officer 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102
Marthinus J Crouse officer: Chief Financial Officer 425 HOUSTON STREET, SUITE 400, FORT WORTH TX 76102