Deterra Royalties (ASX:DRR) 1-Year ROIIC % : -69.73% (As of Dec. 2023)

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What is Deterra Royalties 1-Year ROIIC %?

1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year. Deterra Royalties's 1-Year ROIIC % for the quarter that ended in Dec. 2023 was -69.73%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Deterra Royalties's 1-Year ROIIC % or its related term are showing as below:

ASX:DRR's 1-Year ROIIC % is ranked worse than
77.09% of 2335 companies
in the Metals & Mining industry
Industry Median: -2.36 vs ASX:DRR: -69.73

Deterra Royalties 1-Year ROIIC % Historical Data

The historical data trend for Deterra Royalties's 1-Year ROIIC % 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 1-Year ROIIC % Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

1-Year ROIIC %

142.51

62.56

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
1-Year ROIIC %	Get a 7-Day Free Trial			-	142.51	-	62.56	-69.73

Competitive Comparison of Deterra Royalties's 1-Year ROIIC %

For the Other Industrial Metals & Mining subindustry, Deterra Royalties's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % 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 1-Year ROIIC % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Deterra Royalties's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Deterra Royalties's 1-Year ROIIC % falls into.

Deterra Royalties 1-Year ROIIC % Calculation

Deterra Royalties's 1-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

1-Year ROIIC %	=	1-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	1-Year Incremental Invested Capital
	=	( 168.728 (Dec. 2023) - 181.1539 (Dec. 2022) )	/	( 75.437 (Dec. 2023) - 57.616 (Dec. 2022) )
	=	-12.4259	/	17.821
	=	-69.73%^***

** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Deterra Royalties (ASX:DRR) 1-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.

Deterra Royalties 1-Year ROIIC % Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (ASX:DRR) » Definitions » 1-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

DETRF:USA

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, 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.