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GPPRF (Cerro De Pasco Resources) Return-on-Tangible-Asset : -42.05% (As of Jun. 2024)


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What is Cerro De Pasco 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. Cerro De Pasco Resources's annualized Net Income for the quarter that ended in Jun. 2024 was $-14.90 Mil. Cerro De Pasco Resources's average total tangible assets for the quarter that ended in Jun. 2024 was $35.45 Mil. Therefore, Cerro De Pasco Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -42.05%.

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

GPPRF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -750.73   Med: -179.91   Max: -10.34
Current: -33.02

During the past 13 years, Cerro De Pasco Resources's highest Return-on-Tangible-Asset was -10.34%. The lowest was -750.73%. And the median was -179.91%.

GPPRF's Return-on-Tangible-Asset is ranked worse than
62.5% of 2688 companies
in the Metals & Mining industry
Industry Median: -17.17 vs GPPRF: -33.02

Cerro De Pasco Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Cerro De Pasco 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.

Cerro De Pasco Resources Return-on-Tangible-Asset Chart

Cerro De Pasco Resources Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -739.93 -197.52 -285.60 -10.34 -50.01

Cerro De Pasco Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Jun24
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 -116.44 -59.79 -107.27 -88.52 -42.05

Competitive Comparison of Cerro De Pasco Resources's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, Cerro De Pasco 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.


Cerro De Pasco Resources's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

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

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



Cerro De Pasco Resources Return-on-Tangible-Asset Calculation

Cerro De Pasco Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-18.559/( (38.337+35.878)/ 2 )
=-18.559/37.1075
=-50.01 %

Cerro De Pasco Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Sep. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Sep. 2023 )(Q: Jun. 2024 )
=-14.904/( (36.008+34.887)/ 2 )
=-14.904/35.4475
=-42.05 %

* 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 (Jun. 2024) net income data.


Cerro De Pasco Resources  (OTCPK:GPPRF) 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.


Cerro De Pasco Resources Return-on-Tangible-Asset Related Terms

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Cerro De Pasco Resources Business Description

Traded in Other Exchanges
Address
22 Lafleur Avenue North, Suite 203, Saint-Sauveur, QC, CAN, J0R 1R0
Cerro De Pasco Resources Inc is a natural resource company engaged in acquiring and exploring mineral properties. It treats and reprocesses all dumps, tailings, mining waste, and material resources in the Cerro de Pasco Region in Peru. Its projects include the Quiulacocha tailings and Excelsior Stockpile. It also produces zinc and lead-silver concentrates from the Santander mine in Peru.

Cerro De Pasco Resources Headlines

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