DETRF (Deterra Royalties) Interest Received : $1.2 Mil (TTM As of Jun. 2024)

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What is Deterra Royalties Interest Received?

Deterra Royalties's Interest Received for the six months ended in Jun. 2024 was $0.6 Mil.

Deterra Royalties's Interest Received for the trailing twelve months (TTM) ended in Jun. 2024 was $1.2 Mil.

Deterra Royalties Interest Received Historical Data

The historical data trend for Deterra Royalties's Interest Received 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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Deterra Royalties Interest Received Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Interest Received

0.02

0.15

0.80

1.23

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Received	Get a 7-Day Free Trial			0.07	0.38	0.42	0.63	0.60

Deterra Royalties Interest Received Calculation

A company's cash flow from operations for a time period can be determined using either the direct or indirect method. The indirect method modifies the operating section from accrual accounting to a cash basis by taking the net income generated in a period and adding or subtracting changes in the asset and liability accounts to determine the implied cash flow. However, the direct method uses actual cash inflows and outflows from the company's operations directly. Interest Received represents interest received by the company in the direct cash flow method.

Interest Received for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.2 Mil.

Deterra Royalties Interest Received Related Terms

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Deterra Royalties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (OTCPK:DETRF) » Definitions » Interest Received

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Traded in Other Exchanges

DRR:Australia

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020, with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area in Western Australia. This includes the North Flank mine, producing around 60 million metric tons of iron ore a year, and the South Flank mine, expected to add 85 million metric tons by 2024 after producing first ore in 2021. It also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Consistent with its strategy to grow into a diversified royalty firm, its Trident Royalties purchase is likely to provide modest diversification from iron ore.