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. Focus Minerals's annualizedNet Income for the quarter that ended in Dec. 2025 was A$102.1 Mil. Focus Minerals's average total tangible assets for the quarter that ended in Dec. 2025 was A$407.7 Mil. Therefore, Focus Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 25.04%.
The historical rank and industry rank for Focus Minerals's Return-on-Tangible-Asset or its related term are showing as below:
ASX:FML'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.37 Med: -2.5 Max: 71.76
Current: 71.76
During the past 13 years, Focus Minerals's highest Return-on-Tangible-Asset was 71.76%. The lowest was -6.37%. And the median was -2.50%.
ASX:FML's Return-on-Tangible-Asset is ranked better than 98.46% of 2658
companies
in the Metals & Mining industry
Industry Median: -17.365
vs ASX:FML: 71.76
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.
Focus Minerals Return-on-Tangible-Asset Related Terms
Focus Minerals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Focus Minerals'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.
ASX:FML vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Focus Minerals'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.
Focus Minerals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Focus Minerals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Focus Minerals'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 25.04% mean?
Focus Minerals (ASX:FML) has a Return-on-Tangible-Asset of 25.04% 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 Focus Minerals and its competitors. According to the industry distribution chart, Focus Minerals ranks #41 out of 2658 companies in the Metals & Mining industry, placing it in the top 1.5%.
Is Focus Minerals' Return-on-Tangible-Asset too high?
Focus Minerals' current Return-on-Tangible-Asset is 25.04%. Based on the distribution chart, Focus Minerals ranks #41 out of 2658 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Minerals has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #41 out of 2658 companies for Return-on-Tangible-Asset. This places Focus Minerals in the top 2% of its industry — outperforming the majority of peers. 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 Focus Minerals and its competitors. Focus Minerals's current Return-on-Tangible-Asset is 25.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Based on GuruFocus' analysis, Focus Minerals (ASX:FML) is currently considered Fairly Valued. The stock's GF Value™ is A$1.81, compared to a current price of A$1.73 — trading 4.4% below its estimated fair value. The current Return-on-Tangible-Asset is 25.04%. Focus Minerals' overall GF Score™ is 60/100 with 1 warning sign to review. 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 Focus Minerals (ASX:FML), the current Return-on-Tangible-Asset is 25.04% 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.
Is Focus Minerals (ASX:FML) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Minerals stock appears to be undervalued.
The current stock price of A$1.73 is trading 4.4% below its estimated GF Value™ of A$1.81.
GuruFocus considers Focus Minerals to be Fairly Valued.
Key valuation signals for ASX:FML:
Return-on-Tangible-Asset: 25.04%
GF Value™: A$1.81 vs. price of A$1.73 (4.4% below fair value)
No single metric tells the full story. See the ASX:FML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
60GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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