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Galway Metals Return-on-Tangible-Asset

: -62.98% (As of Jun. 2021)
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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. Galway Metals's annualized Net Income for the quarter that ended in Jun. 2021 was $-16.40 Mil. Galway Metals's average total tangible assets for the quarter that ended in Jun. 2021 was $26.04 Mil. Therefore, Galway Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 was -62.98%.

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

OTCPK:GAYMF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -63.11   Med: -23.19   Max: 6.26
Current: -58.28

-63.11
6.26

During the past 9 years, Galway Metals's highest Return-on-Tangible-Asset was 6.26%. The lowest was -63.11%. And the median was -23.19%.

OTCPK:GAYMF's Return-on-Tangible-Asset is ranked lower than
77% of the 2454 Companies
in the Metals & Mining industry.

( Industry Median: -14.07 vs. OTCPK:GAYMF: -58.28 )

Galway Metals Return-on-Tangible-Asset Historical Data

The historical data trend for Galway Metals'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.

Galway Metals Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only -23.54 -52.71 -43.79 -48.63 -63.70

Galway Metals Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 -35.26 -37.69 -85.89 -51.99 -62.98

Competitive Comparison

For the Gold subindustry, Galway Metals'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.

   

Galway Metals Return-on-Tangible-Asset Distribution

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

* The bar in red indicates where Galway Metals's Return-on-Tangible-Asset falls into.



Galway Metals Return-on-Tangible-Asset Calculation

Galway Metals's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=-9.2208603325787/( (9.6385450679626+19.311421656648)/ 2 )
=-9.2208603325787/14.474983362305
=-63.70 %

Galway Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2021 )  (Q: Mar. 2021 )(Q: Jun. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2021 )  (Q: Mar. 2021 )(Q: Jun. 2021 )
=-16.399345335516/( (27.525658365821+24.551554828151)/ 2 )
=-16.399345335516/26.038606596986
=-62.98 %

* 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 (Jun. 2021) net income data.


Galway Metals  (OTCPK:GAYMF) 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.


Galway Metals Return-on-Tangible-Asset Related Terms

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


Galway Metals Business Description

Galway Metals logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 611
Traded in Other Exchanges
Address
82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1
Galway Metals Inc is an exploration-stage company. It is in the process of exploring for, and delineating resources at the Clarence Stream and Estrades gold projects, located in Canada's jurisdictions of New Brunswick and Quebec, respectively. The company's only operating segment is the acquisition, exploration, and development of mineral resource properties. It explores for gold at Clarence Stream and gold, silver, zinc, copper, and lead at Estrades.
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