Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Deterra Royalties's share price for the quarter that ended in Dec. 2023 was A$5.27. Deterra Royalties's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 528.7 Mil. Therefore, Deterra Royalties's market cap for the quarter that ended in Dec. 2023 was A$2,786.0 Mil.
Deterra Royalties's quarterly market cap
increased
from Dec. 2022 (A$2,420.6 Mil) to Jun. 2023 (A$2,431.3 Mil) and
increased
from Jun. 2023 (A$2,431.3 Mil) to Dec. 2023 (A$2,786.0 Mil).
Deterra Royalties's annual market cap
declined
from Jun. 2021 (A$2,378.3 Mil) to Jun. 2022 (A$2,241.0 Mil) but then
increased
from Jun. 2022 (A$2,241.0 Mil) to Jun. 2023 (A$2,431.3 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Deterra Royalties's Enterprise Value for Today is A$2,550.1 Mil.
Deterra Royalties Market Cap Historical Data
The historical data trend for Deterra Royalties's Market Cap 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.
Competitive Comparison of Deterra Royalties's Market Cap
For the Other Industrial Metals & Mining subindustry, Deterra Royalties's Market Cap, along with its competitors' market caps and Market Cap 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.
Deterra Royalties's Market Cap Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Deterra Royalties's Market Cap distribution charts can be found below:
* The bar in red indicates where Deterra Royalties's Market Cap falls into.
Deterra Royalties Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Deterra Royalties's Market Cap for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Deterra Royalties (ASX:DRR) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Deterra Royalties Market Cap Related Terms
Thank you for viewing the detailed overview of Deterra Royalties's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area 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. Deterra's strategy is to grow into a diversified royalty company.
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