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. Luna Gold's annualized net income for the quarter that ended in Sep. 2016 was $-111.81 Mil. Luna Gold's average shareholder tangible equity for the quarter that ended in Sep. 2016 was $-8.75 Mil. Therefore, Luna Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2016 was N/A%.
The historical rank and industry rank for Luna Gold's Return-on-Tangible-Equity or its related term are showing as below:
LGCUF's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -16.39 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Luna Gold Return-on-Tangible-Equity Historical Data
The historical data trend for Luna 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.
Competitive Comparison of Luna Gold's Return-on-Tangible-Equity
For the Gold subindustry, Luna 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.
Luna Gold's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Luna Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Luna Gold's Return-on-Tangible-Equity falls into.
Luna Gold Return-on-Tangible-Equity Calculation
Luna Gold's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2015 is calculated as
* 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 (Sep. 2016) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Luna Gold (OTCPK:LGCUF) 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.
Luna Gold Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Luna Gold's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration projects and several exploration projects located in the Luna Greenfields district in northeast Brazil. The Company faces competition from a number of large established companies with substantial capabilities, and greater financial and technical resources than the Company. The exploration and development activities related to the mining operations are subject to various federal, provincial and local laws governing prospecting, development, production, taxes, labour standards and occupational health, mine safety, toxic substance and other matters.
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