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Commander Resources (TSXV:CMD) Return-on-Tangible-Asset : -71.75% (As of Mar. 2024)


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What is Commander 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. Commander Resources's annualized Net Income for the quarter that ended in Mar. 2024 was C$-0.83 Mil. Commander Resources's average total tangible assets for the quarter that ended in Mar. 2024 was C$1.15 Mil. Therefore, Commander Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -71.75%.

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

TSXV:CMD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -100.07   Med: -35.4   Max: 10.75
Current: -34.6

During the past 13 years, Commander Resources's highest Return-on-Tangible-Asset was 10.75%. The lowest was -100.07%. And the median was -35.40%.

TSXV:CMD's Return-on-Tangible-Asset is ranked worse than
63.43% of 2688 companies
in the Metals & Mining industry
Industry Median: -17.17 vs TSXV:CMD: -34.60

Commander Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Commander 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.

Commander Resources Return-on-Tangible-Asset Chart

Commander 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 -28.57 -43.73 -17.63 -44.00 -42.23

Commander Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 -28.66 -73.48 -2.90 -37.49 -71.75

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

For the Other Industrial Metals & Mining subindustry, Commander 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.


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

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

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



Commander Resources Return-on-Tangible-Asset Calculation

Commander 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 )
=-0.633/( (2.023+0.975)/ 2 )
=-0.633/1.499
=-42.23 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Sep. 2023 )(Q: Mar. 2024 )
=-0.828/( (1.67+0.638)/ 2 )
=-0.828/1.154
=-71.75 %

* 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 (Mar. 2024) net income data.


Commander Resources  (TSXV:CMD) 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.


Commander Resources Return-on-Tangible-Asset Related Terms

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


Commander Resources Business Description

Traded in Other Exchanges
Address
1111 Melville Street, Suite 1100, 11th Floor, Vancouver, BC, CAN, V6E 3V6
Commander Resources Ltd is an exploration stage company. The business activity of the group involves the acquisition and exploration of mineral properties in Canada and Mexico. It is engaged in employing new techniques in the search for precious and base metals. The company holds an interest in projects such as October Dome, Mt. Polley, Rebel, Flume, South Voisey's bay, and Pedro among others.
Executives
Brandon Macdonald Director
Eric William Norton Director, Senior Officer
Robert Cameron Senior Officer
Fruchtexpress Grabher Gmbh & Co Kg 10% Security Holder