Metis Energy (SGX:L02) ROC % : -1.41% (As of Dec. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Metis Energy ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Metis Energy's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -1.41%.

As of today (2025-03-24), Metis Energy's WACC % is 23.13%. Metis Energy's ROC % is -1.72% (calculated using TTM income statement data). Metis Energy earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Metis Energy ROC % Historical Data

The historical data trend for Metis Energy's ROC % 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.

Metis Energy ROC % Chart

Metis Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROC %

Get a 7-Day Free Trial

-10.44

-0.39

3.64

-5.64

-1.64

Metis Energy Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROC %	Get a 7-Day Free Trial															9.05	-5.67	-7.93	-2.29	-1.41

Metis Energy ROC % Calculation

Metis Energy's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

	ROC % (A: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2023 )	+	Invested Capital (A: Dec. 2024 ))	/ count )
=	-2.359 * ( 1 - -0.56% )	/	( (90.054	+	199.033)	/ 2 )
=	-2.3722104	/	144.5435
=	-1.64 %

where

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	135.552	-	9.024	-	( 36.474	-	max(0, 15.133	-	52.822	+	36.474	))
=	90.054

	Invested Capital		(A: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	216.244	-	9.933	-	( 16.623	-	max(0, 25.186	-	32.464	+	16.623	))
=	199.033

Metis Energy's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-2.256 * ( 1 - -1.04% )	/	( (123.343	+	199.033)	/ 2 )
=	-2.2794624	/	161.188
=	-1.41 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	167.052	-	4.407	-	( 39.302	-	max(0, 6.189	-	55.363	+	39.302	))
=	123.343

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	216.244	-	9.933	-	( 16.623	-	max(0, 25.186	-	32.464	+	16.623	))
=	199.033

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

Metis Energy (SGX:L02) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Metis Energy's WACC % is 23.13%. Metis Energy's ROC % is -1.72% (calculated using TTM income statement data). Metis Energy earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Metis Energy ROC % Related Terms

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

Metis Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Metis Energy Ltd (SGX:L02) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 New Bridge Road, No. 18-09 Chinatown Point, Singapore, SGP, 059413

Website

https://www.metisenergy.com

Metis Energy Ltd is a renewable energy and infrastructure developer. It operates through five segments: the Power Plant segment relates to the construction, acquisition, operations, and maintenance of power plants and the production and sale of electric power in Indonesia; the Renewable Energy segment relates to the construction, acquisition, operations, and maintenance of renewable generation facilities and the production and sale of renewable energy in Vietnam; the Shipping segment relates to ship chartering and provision of freight services in Indonesia, mainly for coal-carrying activities. the corporate and Others segment is involved in Group-level corporate services, treasury functions, investments in properties, and others. The Power Plant segment derives the majority of revenue.

Metis Energy Headlines

No Headlines