What is Angel Wing Metals 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. Angel Wing Metals's annualizedNet Income for the quarter that ended in Dec. 2023 was C$-11.30 Mil. Angel Wing Metals's average total tangible assets for the quarter that ended in Dec. 2023 was C$8.34 Mil. Therefore, Angel Wing Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -135.48%.
The historical rank and industry rank for Angel Wing Metals's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:AWM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -108.34 Med: -50.54 Max: 26.38
Current: -40.67
During the past 13 years, Angel Wing Metals's highest Return-on-Tangible-Asset was 26.38%. The lowest was -108.34%. And the median was -50.54%.
TSXV:AWM's Return-on-Tangible-Asset is ranked worse than 68.54% of 2702
companies
in the Metals & Mining industry
Industry Median: -15.31
vs TSXV:AWM: -40.67
Angel Wing Metals Return-on-Tangible-Asset Historical Data
The historical data trend for Angel Wing Metals'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.
Competitive Comparison of Angel Wing Metals's Return-on-Tangible-Asset
For the Other Precious Metals & Mining subindustry, Angel Wing Metals'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.
Angel Wing Metals's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Angel Wing Metals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Angel Wing Metals's Return-on-Tangible-Asset falls into.
* 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 (Dec. 2023) net income data.
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.
Angel Wing Metals Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Angel Wing Metals's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Angel Wing Metals Inc is focused on the exploration and development of its portfolio of precious metals properties in Mexico and Canada. The company's flagship El Grande gold project covers approximately 550 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico, and demonstrates significant gold and silver mineralization. It also owns two early-stage gold exploration projects in Northwestern Ontario. The Winora Project is located near Lingman lake, 325 km north of Red Lake, and Quartz Lake Project which is located 50km east of the prolific Red Lake district. The Company operates in one industry segment, namely the exploration of mineral resources in two geographic regions, Canada and Mexico.
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