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Bubalus Resources (ASX:BUS) Return-on-Tangible-Asset : -28.70% (As of Dec. 2024)


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What is Bubalus Resources Return-on-Tangible-Asset?

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. Bubalus Resources's annualized Net Income for the quarter that ended in Dec. 2024 was A$-1.41 Mil. Bubalus Resources's average total tangible assets for the quarter that ended in Dec. 2024 was A$4.91 Mil. Therefore, Bubalus Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -28.70%.

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

ASX:BUS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.17   Med: -10.96   Max: -8.25
Current: -18.17

During the past 2 years, Bubalus Resources's highest Return-on-Tangible-Asset was -8.25%. The lowest was -18.17%. And the median was -10.96%.

ASX:BUS's Return-on-Tangible-Asset is ranked worse than
51% of 2659 companies
in the Metals & Mining industry
Industry Median: -17.25 vs ASX:BUS: -18.17

Bubalus Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Bubalus Resources'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.

Bubalus Resources Return-on-Tangible-Asset Chart

Bubalus Resources Annual Data
Trend Jun23 Jun24
Return-on-Tangible-Asset
-13.66 -8.25

Bubalus Resources Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset -20.17 -6.75 -8.02 -8.00 -28.70

Competitive Comparison of Bubalus Resources's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, Bubalus Resources'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.


Bubalus Resources's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

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

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


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Bubalus Resources Return-on-Tangible-Asset Calculation

Bubalus Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-0.392/( (4.787+4.713)/ 2 )
=-0.392/4.75
=-8.25 %

Bubalus Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-1.41/( (4.713+5.113)/ 2 )
=-1.41/4.913
=-28.70 %

* 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. 2024) net income data.


Bubalus Resources  (ASX:BUS) 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.


Bubalus Resources Return-on-Tangible-Asset Related Terms

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Bubalus Resources Business Description

Traded in Other Exchanges
N/A
Address
22 Mount Street, Level 2, Perth, WA, AUS, 6000
Bubalus Resources Ltd engages in acquiring, exploring, evaluating, and exploiting mineral resource projects. It is focused on the exploration and development of the Amadeus Project (prospective for Manganese), the Coomarie Project (prospective for Heavy Rare Earths), the Nolans East Project (prospective for Light Rare Earths), the Pargee Project (prospective for Heavy Rare Earths), and the Yinnietharra Project (prospective for Lithium) which are located in geological provinces in the Northern Territory and Western Australia.

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