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Victoria Gold (TSX:VGCX) Return-on-Tangible-Equity : -6.09% (As of Mar. 2024)


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What is Victoria Gold 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. Victoria Gold's annualized net income for the quarter that ended in Mar. 2024 was C$-35.9 Mil. Victoria Gold's average shareholder tangible equity for the quarter that ended in Mar. 2024 was C$589.1 Mil. Therefore, Victoria Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -6.09%.

The historical rank and industry rank for Victoria Gold's Return-on-Tangible-Equity or its related term are showing as below:

TSX:VGCX' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.85   Med: -0.97   Max: 26.08
Current: 2.63

During the past 13 years, Victoria Gold's highest Return-on-Tangible-Equity was 26.08%. The lowest was -5.85%. And the median was -0.97%.

TSX:VGCX's Return-on-Tangible-Equity is not ranked
in the Metals & Mining industry.
Industry Median: -17.65 vs TSX:VGCX: 2.63

Victoria Gold Return-on-Tangible-Equity Historical Data

The historical data trend for Victoria Gold'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.

* Premium members only.

Victoria Gold Return-on-Tangible-Equity Chart

Victoria Gold Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.96 4.69 26.08 7.10 4.44

Victoria Gold Quarterly Data
May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity 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 0.72 11.33 3.86 1.74 -6.09

Competitive Comparison of Victoria Gold's Return-on-Tangible-Equity

For the Gold subindustry, Victoria Gold'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.


Victoria Gold's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Victoria Gold's Return-on-Tangible-Equity falls into.



Victoria Gold Return-on-Tangible-Equity Calculation

Victoria Gold's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=25.139/( (544.186+589.381 )/ 2 )
=25.139/566.7835
=4.44 %

Victoria Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=-35.884/( (589.381+588.916)/ 2 )
=-35.884/589.1485
=-6.09 %

* 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 (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Victoria Gold  (TSX:VGCX) 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.


Victoria Gold Return-on-Tangible-Equity Related Terms

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


Victoria Gold Business Description

Traded in Other Exchanges
Address
80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4
Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Mine Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse.
Executives
John Charles Mcconnell Director, Senior Officer
Ria Fitzgerald Director
Steven Charles Haggarty Director
Adam Melnyk Senior Officer
Mark Ayranto Senior Officer
T. Sean Harvey Director
Paul Dunstan Gray Senior Officer
Marty Rendall Senior Officer
Kimberly Keating Director
Christopher Thomas Hill Director
Michael D. Mcinnis Director
David Kenneth Rouleau Senior Officer
Stephen Victor Scott Director
Orion Mine Finance Management Ii Limited 10% Security Holder
Joseph J. Ovsenek Director

Victoria Gold Headlines

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