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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. American Sierra Gold's annualized Net Income for the quarter that ended in Jul. 2023 was $-0.01 Mil. American Sierra Gold's average total tangible assets for the quarter that ended in Jul. 2023 was $5.30 Mil. Therefore, American Sierra Gold's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2023 was -0.21%.
The historical rank and industry rank for American Sierra Gold's Return-on-Tangible-Asset or its related term are showing as below:
During the past 8 years, American Sierra Gold's highest Return-on-Tangible-Asset was 951.72%. The lowest was -2469.28%. And the median was -32.65%.
The historical data trend for American Sierra Gold'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.
American Sierra Gold Annual Data | |||||||||||||||||
Trend | Jul07 | Jul08 | Jul09 | Jul10 | Jul11 | Jul12 | Jul13 | Jul23 | |||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -2,469.28 | 951.72 | -607.69 | - | -0.21 |
American Sierra Gold Semi-Annual Data | ||||||||
Jul07 | Jul08 | Jul09 | Jul10 | Jul11 | Jul12 | Jul13 | Jul23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -2,469.28 | 951.72 | -607.69 | - | -0.21 |
For the Other Precious Metals & Mining subindustry, American Sierra Gold'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.
For the Metals & Mining industry and Basic Materials sector, American Sierra Gold's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where American Sierra Gold's Return-on-Tangible-Asset falls into.
American Sierra Gold's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jul. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Jul. 2023 ) | (A: Jul. 2013 ) | (A: Jul. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Jul. 2023 ) | (A: Jul. 2013 ) | (A: Jul. 2023 ) | |||||
= | -0.011 | / | ( (0 | + | 5.297) | / 1 ) | |
= | -0.011 | / | 5.297 | ||||
= | -0.21 % |
American Sierra Gold's annualized Return-on-Tangible-Asset for the quarter that ended in Jul. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Jul. 2023 ) | (Q: Jul. 2013 ) | (Q: Jul. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Jul. 2023 ) | (Q: Jul. 2013 ) | (Q: Jul. 2023 ) | |||||
= | -0.011 | / | ( (0 | + | 5.297) | / 1 ) | |
= | -0.011 | / | 5.297 | ||||
= | -0.21 % |
* 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-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 one times the annual (Jul. 2023) net income data.
American Sierra Gold (OTCPK:AMNP) 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 companys 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 companys 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.
Thank you for viewing the detailed overview of American Sierra Gold's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Larry Regis | director, 10 percent owner, officer: CEO | 9555 SW ALLEN BLVD. #36, BEAVERTON OR 97005 |
Gary Goodin | director, 10 percent owner, officer: COO | 3243 SMOKEY RIDGE CT, CARMEL IN 46033 |
Vittal Karra | director, 10 percent owner, officer: Treasurer | 4480 HASTINGS DRIVE, CUMMING GA 30041 |
G.x.k. Ventures, Inc. | 10 percent owner | 302 255 WEST FIRST STREET, NORTH VANCOUVER A1 V7M 3G8 |
Mmc Mines, Inc. | 10 percent owner | 302 255 WEST FIRST STREET, NORTH VANCOUVER A1 V7M 3G8 |
James Vandeberg | director | 10710 NE 10TH STREET #1307, BELLEVUE WA 98004 |
Wayne Gruden | director, officer: President; Treasurer | C/O AMERICAN SIERRA GOLD CORP., 200 S. VIRGINIA STREET, 8TH FLOOR, RENO NV 89501 |
George Daschko | other: Former 10% Owner, Dir. & Pres. | 7456 BARRYMORE DRIVE, DELTA A1 00000 |
Dmitriy Ruzhytskiy | director, 10 percent owner | 4(A) SIMONENKO STREET, APT 21, VYSHGOROD KYIVSKA RE 2H 07300 |
Alexander Hornostai | director, 10 percent owner, officer: SECRETARY AND TREASURER | 108 9B KOSHYTSYA STREET, KIEV 2H 00000 |
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