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Usha Resources (TSXV:USHA) Return-on-Tangible-Equity : -20.21% (As of Jun. 2024)


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What is Usha 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. Usha Resources's annualized net income for the quarter that ended in Jun. 2024 was C$-1.29 Mil. Usha Resources's average shareholder tangible equity for the quarter that ended in Jun. 2024 was C$6.37 Mil. Therefore, Usha Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was -20.21%.

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

TSXV:USHA' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -73.68   Med: -57.18   Max: -29.95
Current: -29.95

During the past 6 years, Usha Resources's highest Return-on-Tangible-Equity was -29.95%. The lowest was -73.68%. And the median was -57.18%.

TSXV:USHA's Return-on-Tangible-Equity is ranked worse than
60.63% of 2413 companies
in the Metals & Mining industry
Industry Median: -17.65 vs TSXV:USHA: -29.95

Usha Resources Return-on-Tangible-Equity Historical Data

The historical data trend for Usha 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.

* Premium members only.

Usha Resources Return-on-Tangible-Equity Chart

Usha Resources Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Return-on-Tangible-Equity
Get a 7-Day Free Trial -73.68 -52.34 -57.18 -55.46 -65.16

Usha Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
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 -71.99 -105.63 -66.20 -47.57 -20.21

Competitive Comparison of Usha Resources's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, Usha 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.


Usha Resources's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

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

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



Usha Resources Return-on-Tangible-Equity Calculation

Usha Resources's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=-2.978/( (2.297+6.843 )/ 2 )
=-2.978/4.57
=-65.16 %

Usha Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=-1.288/( (5.36+7.388)/ 2 )
=-1.288/6.374
=-20.21 %

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


Usha Resources  (TSXV:USHA) 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.


Usha Resources Return-on-Tangible-Equity Related Terms

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


Usha Resources Business Description

Traded in Other Exchanges
Address
1575 Kamloops Street, Vancouver, BC, CAN, V5K 3W1
Usha Resources Ltd is a mineral acquisition and exploration company focused on the development of quality battery metal properties that are drill-ready with high-upside and expansion potential. It is engaged in acquiring and exploring interests in mineral properties located in North America. The company's portfolio includes Jackpot Lake, a lithium brine project in Nevada, and six lithium pegmatite projects in Ontario: White Willow, Triangle Lake, Gathering Lake, Lee Lake, Bluett, and Mead project.
Executives
Deepak Varshney 10% Security Holder, Director, Senior Officer
Navin Kumar Varshney Director
Leif Smither Director

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