Metals Exploration (STU:MJ4) ROCE % : 69.85% (As of Jun. 2024)

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What is Metals Exploration ROCE %?

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. Metals Exploration's annualized ROCE % for the quarter that ended in Jun. 2024 was 69.85%.

Metals Exploration ROCE % Historical Data

The historical data trend for Metals Exploration'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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Metals Exploration ROCE % Chart

Metals Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3,872.58

50.26

27.62

26.46

117.74

Metals Exploration Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															18.00	32.94	112.41	177.38	69.85

Metals Exploration ROCE % Calculation

Metals Exploration'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 )
	=	119.474	/	( ( (113.851 - 40.348)	+	(166.42 - 36.972) )	/ 2 )
	=	119.474	/	( (73.503	+	129.448)	/ 2 )
	=	119.474	/	101.4755
	=	117.74 %

Metals Exploration's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	109.844	/	( ( (166.42 - 36.972)	+	(198.08 - 13.001) )	/ 2 )
	=	109.844	/	( ( 129.448	+	185.079 )	/ 2 )
	=	109.844	/	157.2635
	=	69.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Metals Exploration (STU:MJ4) 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.

Metals Exploration ROCE % Related Terms

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Metals Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Exploration PLC (STU:MJ4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MTL:UK MJ4:Germany

Address

27-28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.metalsexploration.com

Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is a Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines and Singapore.

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