Metalla Royalty & Streaming (TSXV:MTA) ROCE %

: -2.74% (As of Dec. 2023)

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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. Metalla Royalty & Streaming's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.74%.

Metalla Royalty & Streaming ROCE % Historical Data

The historical data trend for Metalla Royalty & Streaming'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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Metalla Royalty & Streaming Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

Dec21

Dec22

Dec23

ROCE %

-3.61

-8.17

-11.49

-8.37

-1.67

Metalla Royalty & Streaming Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-15.89	-2.61	2.59	-5.81	-2.74

Metalla Royalty & Streaming ROCE % Calculation

Metalla Royalty & Streaming'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 )
	=	-4.435	/	( ( (177.813 - 8.879)	+	(370.323 - 9.38) )	/ 2 )
	=	-4.435	/	( (168.934	+	360.943)	/ 2 )
	=	-4.435	/	264.9385
	=	-1.67 %

Metalla Royalty & Streaming'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 )
	=	-7.464	/	( ( (186.491 - 2.957)	+	(370.323 - 9.38) )	/ 2 )
	=	-7.464	/	( ( 183.534	+	360.943 )	/ 2 )
	=	-7.464	/	272.2385
	=	-2.74 %

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

Metalla Royalty & Streaming (TSXV:MTA) 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.

Metalla Royalty & Streaming ROCE % Related Terms

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Metalla Royalty & Streaming (TSXV:MTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metalla Royalty & Streaming Ltd (TSXV:MTA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MTA:USA X9C:Germany X9C:Germany

Address

543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8

Website

https://www.metallaroyalty.com

Metalla Royalty & Streaming Ltd is a precious metals royalty and streaming company, which engages in the acquisition and management of precious metal royalties, streams, and similar production-based interests. It's a pure-play gold and silver streaming and royalty company. It generates revenue from royalties, streams, and other interests.