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Iris Metals (ASX:IR1) Return-on-Tangible-Asset : -11.12% (As of Sep. 2024)


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What is Iris Metals 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. Iris Metals's annualized Net Income for the quarter that ended in Sep. 2024 was A$-4.29 Mil. Iris Metals's average total tangible assets for the quarter that ended in Sep. 2024 was A$38.60 Mil. Therefore, Iris Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -11.12%.

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

ASX:IR1' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -141.68   Med: -107.58   Max: -25.08
Current: -25.08

During the past 2 years, Iris Metals's highest Return-on-Tangible-Asset was -25.08%. The lowest was -141.68%. And the median was -107.58%.

ASX:IR1's Return-on-Tangible-Asset is ranked worse than
56.75% of 2659 companies
in the Metals & Mining industry
Industry Median: -17.25 vs ASX:IR1: -25.08

Iris Metals Return-on-Tangible-Asset Historical Data

The historical data trend for Iris Metals'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.

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Iris Metals Return-on-Tangible-Asset Chart

Iris Metals Annual Data
Trend Mar22 Mar23
Return-on-Tangible-Asset
-73.47 -141.68

Iris Metals Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial -741.09 -16.32 -78.66 -37.74 -11.12

Competitive Comparison of Iris Metals's Return-on-Tangible-Asset

For the Gold subindustry, Iris Metals'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.


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

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

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


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Iris Metals Return-on-Tangible-Asset Calculation

Iris Metals's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2023 )  (A: Mar. 2022 )(A: Mar. 2023 )
=-12.127/( (4.406+12.713)/ 2 )
=-12.127/8.5595
=-141.68 %

Iris Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=-4.292/( (41.407+35.801)/ 2 )
=-4.292/38.604
=-11.12 %

* 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 (Sep. 2024) net income data.


Iris Metals  (ASX:IR1) 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.


Iris Metals Return-on-Tangible-Asset Related Terms

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Iris Metals Business Description

Traded in Other Exchanges
N/A
Address
9-11 Claremont Street, Suite 205, South Yarra, VIC, AUS, 3141
Iris Metals Ltd is a minerals exploration company formed for the purposes of applying for and acquiring interests in minerals exploration tenements and tenement applications in Western Australia. It has two projects: the Kookynie and the Leonora Gold project and the Nickel project.

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