What is Texas Mineral 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. Texas Mineral Resources's annualizedNet Income for the quarter that ended in Feb. 2024 was $-0.56 Mil. Texas Mineral Resources's average total tangible assets for the quarter that ended in Feb. 2024 was $1.29 Mil. Therefore, Texas Mineral Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2024 was -43.81%.
The historical rank and industry rank for Texas Mineral Resources's Return-on-Tangible-Asset or its related term are showing as below:
TMRC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -193.48 Med: -89.51 Max: 47.01
Current: -107.41
During the past 13 years, Texas Mineral Resources's highest Return-on-Tangible-Asset was 47.01%. The lowest was -193.48%. And the median was -89.51%.
TMRC's Return-on-Tangible-Asset is ranked worse than 86.08% of 2702
companies
in the Metals & Mining industry
Industry Median: -15.31
vs TMRC: -107.41
Texas Mineral Resources Return-on-Tangible-Asset Historical Data
The historical data trend for Texas Mineral 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.
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Texas Mineral Resources Return-on-Tangible-Asset Chart
Competitive Comparison of Texas Mineral Resources's Return-on-Tangible-Asset
For the Other Industrial Metals & Mining subindustry, Texas Mineral 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.
Texas Mineral Resources's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Texas Mineral Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Texas Mineral Resources's Return-on-Tangible-Asset falls into.
Texas Mineral Resources Return-on-Tangible-Asset Calculation
Texas Mineral Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2023 is calculated as:
* 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.
Texas Mineral Resources (OTCPK:TMRC) 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 companys 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 companys 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.
Texas Mineral Resources Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Texas Mineral Resources's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Texas Mineral Resources (Texas Mineral Resources) Business Description
Texas Mineral Resources Corp is an exploration-stage mining company. It is predominantly engaged in the business of acquisition, exploration, and development of mineral properties. The group focuses on the development of a metallurgical process to concentrate or otherwise extract the metals from the Round Top Projects. Its flagship property includes the Round Top rare earths-uranium-beryllium project covering approximately 900 acres in Hudspeth County, Texas; and prospecting permits covering 9,345 acres adjacent to the Round Top project.
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