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Black CanyonASX:BCA -11.11%37 Return-on-Tangible-Asset is -12.02% as of Dec. 2025. GuruFocus rates ASX:BCA with a GF Score™ of 37/100. Among 2,667 Metals & Mining companies, Black Canyon ranks better than 72.74% on this metric.
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. Black Canyon's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-1.89 Mil. Black Canyon's average total tangible assets for the quarter that ended in Dec. 2025 was A$15.74 Mil. Therefore, Black Canyon's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -12.02%.
The historical rank and industry rank for Black Canyon's Return-on-Tangible-Asset or its related term are showing as below:
ASX:BCA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -32.13 Med: -17.79 Max: 4.6
Current: -1.59
During the past 5 years, Black Canyon's highest Return-on-Tangible-Asset was 4.60%. The lowest was -32.13%. And the median was -17.79%.
ASX:BCA's Return-on-Tangible-Asset is ranked better than 72.74% of 2667
companies
in the Metals & Mining industry
Industry Median: -17.27
vs ASX:BCA: -1.59
Black Canyon (ASX:BCA) 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.
Black Canyon Return-on-Tangible-Asset Related Terms
Black Canyon Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Black Canyon'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.
Black Canyon Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Black Canyon'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.
Black Canyon Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Black Canyon's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Black Canyon's Return-on-Tangible-Asset falls into.
* 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -12.02% mean?
Black Canyon (ASX:BCA) has a Return-on-Tangible-Asset of -12.02% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Black Canyon and its competitors. According to the industry distribution chart, Black Canyon ranks #727 out of 2667 companies in the Metals & Mining industry, placing it in the top 27.3%.
Is Black Canyon's Return-on-Tangible-Asset too high?
Black Canyon's current Return-on-Tangible-Asset is -12.02%. Based on the distribution chart, Black Canyon ranks #727 out of 2667 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Black Canyon has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Black Canyon's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Black Canyon ranks #727 out of 2667 companies for Return-on-Tangible-Asset. This puts Black Canyon in the upper half of its 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 Black Canyon and its competitors. Black Canyon's current Return-on-Tangible-Asset is -12.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Canyon stock overvalued right now?
Black Canyon (ASX:BCA) has a current Return-on-Tangible-Asset of -12.02%. The current Return-on-Tangible-Asset is -12.02%. Black Canyon's overall GF Score™ is 37/100. 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 Black Canyon (ASX:BCA), the current Return-on-Tangible-Asset is -12.02% as of Dec. 2025. 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.
Black Canyon Ltd is engaged in exploring and developing mineral deposits in Australia and overseas, with a focus on base metals. Its Carawine Project contains exploration tenements prospective for manganese and copper. The company's project includes the Fig Tree project, the Wandanya project, the KR1/KR2 projects, and the Oakover West project. Geographically, the company operates within Australia.
37GF Score
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