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Mexus Gold US (Mexus Gold US) Return-on-Tangible-Asset

: -99.91% (As of Dec. 2022)
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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. Mexus Gold US's annualized Net Income for the quarter that ended in Dec. 2022 was $-1.11 Mil. Mexus Gold US's average total tangible assets for the quarter that ended in Dec. 2022 was $1.11 Mil. Therefore, Mexus Gold US's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 was -99.91%.

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

MXSG's Return-on-Tangible-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: -15.29
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Mexus Gold US Return-on-Tangible-Asset Historical Data

The historical data trend for Mexus Gold US'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.

Mexus Gold US Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -280.89 -165.43 -260.25 -282.85 -235.71

Mexus Gold US Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Return-on-Tangible-Asset 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 Premium Member Only Premium Member Only Premium Member Only -143.60 -184.99 -124.00 -101.91 -99.91

Competitive Comparison

For the Other Precious Metals & Mining subindustry, Mexus Gold US'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.


Mexus Gold US Return-on-Tangible-Asset Distribution

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

* The bar in red indicates where Mexus Gold US's Return-on-Tangible-Asset falls into.



Mexus Gold US Return-on-Tangible-Asset Calculation

Mexus Gold US's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2022 )  (A: Mar. 2021 )(A: Mar. 2022 )
=-2.581/( (1.131+1.059)/ 2 )
=-2.581/1.095
=-235.71 %

Mexus Gold US's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2022 )  (Q: Sep. 2022 )(Q: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2022 )  (Q: Sep. 2022 )(Q: Dec. 2022 )
=-1.108/( (1.109+1.109)/ 2 )
=-1.108/1.109
=-99.91 %

* 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 (Dec. 2022) net income data.


Mexus Gold US  (OTCPK:MXSG) 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.


Mexus Gold US Return-on-Tangible-Asset Related Terms

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Mexus Gold US (Mexus Gold US) Business Description

Traded in Other Exchanges
N/A
Address
1805 N. Carson Street, Suite 150, Carson, NV, USA, 89701
Mexus Gold US is an exploration stage mining company. The company engages in the evaluation, acquisition, exploration, and advancement of gold, silver, and copper projects in the state of Sonora, Mexico. Its properties include Santa Elena Mine, Ures Property, San Felix Mine, and Sonora.
Executives
Paul Dwight Thompson director, 10 percent owner, officer: CEO, CFO, Secretary PO BOX 1036, WALNUT GROVE CA 95690
Gold Us Mexus director, 10 percent owner, officer: CEO, CFO, Secretary 1805 N. CARSON STREET, #150, CARSON CITY NV 89701
Susie L Johnson director, officer: President, CFO, Secretary 9337 STARGAZE, SAN DIEGO CA 92129
Phillip Eugene Koehnke director, 10 percent owner, officer: President, secretary, CFO PO BOX 235472, ENCINITAS CA 92024

Mexus Gold US (Mexus Gold US) Headlines

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