What is Texas Mineral Resources Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Texas Mineral Resources's annualized net income for the quarter that ended in Feb. 2024 was $-0.56 Mil. Texas Mineral Resources's average shareholder tangible equity for the quarter that ended in Feb. 2024 was $1.23 Mil. Therefore, Texas Mineral Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was -45.72%.
The historical rank and industry rank for Texas Mineral Resources's Return-on-Tangible-Equity or its related term are showing as below:
TMRC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -128.91 Med: -97.83 Max: 55.24
Current: -111.7
During the past 13 years, Texas Mineral Resources's highest Return-on-Tangible-Equity was 55.24%. The lowest was -128.91%. And the median was -97.83%.
TMRC's Return-on-Tangible-Equity is ranked worse than 86.36% of 2463
companies
in the Metals & Mining industry
Industry Median: -16.55
vs TMRC: -111.70
Texas Mineral Resources Return-on-Tangible-Equity Historical Data
The historical data trend for Texas Mineral Resources's Return-on-Tangible-Equity 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-Equity Chart
Competitive Comparison of Texas Mineral Resources's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, Texas Mineral Resources's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Texas Mineral Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Texas Mineral Resources's Return-on-Tangible-Equity falls into.
Texas Mineral Resources Return-on-Tangible-Equity Calculation
Texas Mineral Resources's annualized Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Texas Mineral Resources (OTCPK:TMRC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Texas Mineral Resources Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Texas Mineral Resources's Return-on-Tangible-Equity 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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