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Metallic Minerals (TSXV:MMG) ROC % : -74.14% (As of Jul. 2024)


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What is Metallic Minerals 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 %. Metallic Minerals's annualized return on capital (ROC %) for the quarter that ended in Jul. 2024 was -74.14%.

As of today (2024-12-15), Metallic Minerals's WACC % is 1.09%. Metallic Minerals's ROC % is -106.71% (calculated using TTM income statement data). Metallic Minerals earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Metallic Minerals ROC % Historical Data

The historical data trend for Metallic Minerals'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.

Metallic Minerals ROC % Chart

Metallic Minerals Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -214.42 -262.81 -172.59 -107.61 -107.97

Metallic Minerals Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -102.06 -248.64 -99.10 -37.22 -74.14

Metallic Minerals ROC % Calculation

Metallic Minerals's annualized Return on Capital (ROC %) for the fiscal year that ended in Jul. 2024 is calculated as:

ROC % (A: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jul. 2023 ) + Invested Capital (A: Jul. 2024 ))/ count )
=-6.198 * ( 1 - 0% )/( (5.083 + 6.398)/ 2 )
=-6.198/5.7405
=-107.97 %

where

Metallic Minerals's annualized Return on Capital (ROC %) for the quarter that ended in Jul. 2024 is calculated as:

ROC % (Q: Jul. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2024 ) + Invested Capital (Q: Jul. 2024 ))/ count )
=-4.744 * ( 1 - 0% )/( (6.399 + 6.398)/ 2 )
=-4.744/6.3985
=-74.14 %

where

Note: The Operating Income data used here is four times the quarterly (Jul. 2024) 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.


Metallic Minerals  (TSXV:MMG) 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, Metallic Minerals's WACC % is 1.09%. Metallic Minerals's ROC % is -106.71% (calculated using TTM income statement data). Metallic Minerals 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.


Metallic Minerals ROC % Related Terms

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Metallic Minerals Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2
Metallic Minerals Corp is an exploration company focused on the acquisition and development of high-grade silver and gold projects. Metallic's core Keno Silver Project is located in the historic Keno Hill Silver District of Canada's Yukon Territory, a region that has produced over 200 million ounces of silver. The company's La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and its McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. The company has also built a portfolio of gold royalties in the Klondike Gold district. Geographically, the company has its assets spread across Canada and the United States.
Executives
Scott Alan Petsel Senior Officer
2176423 Ontario Ltd. 10% Security Holder
Eric Sprott 10% Security Holder
William Glen Harris Director

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