What is Angel Wing Metals 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. Angel Wing Metals's annualized net income for the quarter that ended in Dec. 2023 was C$-11.30 Mil. Angel Wing Metals's average shareholder tangible equity for the quarter that ended in Dec. 2023 was C$8.10 Mil. Therefore, Angel Wing Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -139.48%.
The historical rank and industry rank for Angel Wing Metals's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:AWM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -213.51 Med: -85.09 Max: -23.3
Current: -42.32
During the past 13 years, Angel Wing Metals's highest Return-on-Tangible-Equity was -23.30%. The lowest was -213.51%. And the median was -85.09%.
TSXV:AWM's Return-on-Tangible-Equity is ranked worse than 69.02% of 2463
companies
in the Metals & Mining industry
Industry Median: -16.55
vs TSXV:AWM: -42.32
Angel Wing Metals Return-on-Tangible-Equity Historical Data
The historical data trend for Angel Wing Metals'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.
Competitive Comparison of Angel Wing Metals's Return-on-Tangible-Equity
For the Other Precious Metals & Mining subindustry, Angel Wing Metals'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.
Angel Wing Metals's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Angel Wing Metals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Angel Wing Metals's Return-on-Tangible-Equity 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-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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Angel Wing Metals Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Angel Wing Metals's Return-on-Tangible-Equity 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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