GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (AMEX:NG) » Definitions » Return-on-Tangible-Asset

Novagold Resources (Novagold Resources) Return-on-Tangible-Asset : -31.73% (As of Feb. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Novagold Resources Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Novagold Resources's annualized Net Income for the quarter that ended in Feb. 2024 was $-41.27 Mil. Novagold Resources's average total tangible assets for the quarter that ended in Feb. 2024 was $130.09 Mil. Therefore, Novagold Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was -31.73%.

The historical rank and industry rank for Novagold Resources's Return-on-Tangible-Asset or its related term are showing as below:

NG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -34.88   Med: -12.58   Max: -7.25
Current: -33.59

During the past 13 years, Novagold Resources's highest Return-on-Tangible-Asset was -7.25%. The lowest was -34.88%. And the median was -12.58%.

NG's Return-on-Tangible-Asset is ranked worse than
65.31% of 2698 companies
in the Metals & Mining industry
Industry Median: -15.305 vs NG: -33.59

Novagold Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Novagold Resources's Return-on-Tangible-Asset 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.

Novagold Resources Return-on-Tangible-Asset Chart

Novagold Resources Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.96 -14.27 -19.15 -29.80 -32.00

Novagold Resources Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Return-on-Tangible-Asset 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 -27.46 -39.83 -31.53 -30.72 -31.73

Competitive Comparison of Novagold Resources's Return-on-Tangible-Asset

For the Gold subindustry, Novagold Resources's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Novagold Resources's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Novagold Resources's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Novagold Resources's Return-on-Tangible-Asset falls into.



Novagold Resources Return-on-Tangible-Asset Calculation

Novagold Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Nov. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=-46.803/( (159.189+133.29)/ 2 )
=-46.803/146.2395
=-32.00 %

Novagold Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=-41.272/( (133.29+126.884)/ 2 )
=-41.272/130.087
=-31.73 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Feb. 2024) net income data.


Novagold Resources  (AMEX:NG) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months 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. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Novagold Resources Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Novagold Resources's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Novagold Resources (Novagold Resources) Business Description

Traded in Other Exchanges
Address
201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111
Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.
Executives
Gregory A. Lang director, officer: President & CEO C/O TRILOGY METALS INC., 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4
Kalidas V Madhavpeddi director 511 ARROYO SQ, SOUTH PASADENA CA 91030
Diane R Garrett director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN, SUITE 400, SALT LAKE CITY UT 84111
Ethan Schutt director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Anthony P. Walsh director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Dawn Patricia Whittaker director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Hume D. Kyle director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Quintanilla Daniel Muniz director C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Sharon Dowdall director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
David A. Ottewell officer: Vice President & CFO C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Clynton R. Nauman director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
C. Kevin Mcarthur director 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Igor Levental director C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111
Elaine J Dorward-king director 6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
David Deisley officer: Exec. VP & General Counsel C/O NOVAGOLD RESOURCES INC., 201 SOUTH MAIN STREET, SUITE 400, SALT LAKE CITY UT 84111