AMNP (American Sierra Gold) Return-on-Tangible-Asset: -0.21% (As of Jul. 2023)


What is American Sierra Gold Return-on-Tangible-Asset?

American Sierra Gold AMNP -7.28% Return-on-Tangible-Asset is -0.21% as of Jul. 2023.

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:

AMNP's Return-on-Tangible-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: -17.275
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

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 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.

American Sierra Gold Return-on-Tangible-Asset Related Terms

American Sierra Gold Return-on-Tangible-Asset Historical Data

* Premium members only.

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 Return-on-Tangible-Asset Chart

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 0.00 -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 0.00 -0.21

AMNP vs AUMN, SRGZ, NMEX: Return-on-Tangible-Asset Comparison

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.

American Sierra Gold Return-on-Tangible-Asset vs Metals & Mining Industry

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 Return-on-Tangible-Asset Calculation

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.

What does a Return-on-Tangible-Asset of -0.21% mean?
American Sierra Gold (AMNP) has a Return-on-Tangible-Asset of -0.21% as of Jul. 2023. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on American Sierra Gold and its competitors.
Is American Sierra Gold's Return-on-Tangible-Asset too high?
American Sierra Gold's current Return-on-Tangible-Asset is -0.21%.
How does American Sierra Gold's Return-on-Tangible-Asset compare to AUMN and SRGZ?
American Sierra Gold's Return-on-Tangible-Asset of -0.21% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on American Sierra Gold and its competitors. American Sierra Gold's current Return-on-Tangible-Asset is -0.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Sierra Gold stock overvalued right now?
American Sierra Gold (AMNP) has a current Return-on-Tangible-Asset of -0.21%. The current Return-on-Tangible-Asset is -0.21%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For American Sierra Gold (AMNP), the current Return-on-Tangible-Asset is -0.21% as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

American Sierra Gold Business Description

Address 9449 Priority Way West Drive, Suite 140, Indianapolis, IN, USA, 46240
American Sierra Gold Corp is a precious metal mineral acquisition, exploration and development company. It is focused on the exploration of gold and silver.