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. Legacy Iron Ore's annualizedNet Income for the quarter that ended in Mar. 2025 was A$-22.38 Mil. Legacy Iron Ore's average total tangible assets for the quarter that ended in Mar. 2025 was A$36.44 Mil. Therefore, Legacy Iron Ore's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was -61.40%.
The historical rank and industry rank for Legacy Iron Ore's Return-on-Tangible-Asset or its related term are showing as below:
ASX:LCY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -69.81 Med: -6.16 Max: 8.16
Current: -69.81
During the past 13 years, Legacy Iron Ore's highest Return-on-Tangible-Asset was 8.16%. The lowest was -69.81%. And the median was -6.16%.
ASX:LCY's Return-on-Tangible-Asset is ranked worse than 76.89% of 2652
companies
in the Metals & Mining industry
Industry Median: -17.265
vs ASX:LCY: -69.81
Legacy Iron Ore Return-on-Tangible-Asset Historical Data
The historical data trend for Legacy Iron Ore'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.
Competitive Comparison of Legacy Iron Ore's Return-on-Tangible-Asset
For the Other Industrial Metals & Mining subindustry, Legacy Iron Ore'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.
Legacy Iron Ore's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Legacy Iron Ore's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Legacy Iron Ore'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 (Mar. 2025) net income data.
Legacy Iron Ore (ASX:LCY) 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.
Legacy Iron Ore Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Legacy Iron Ore's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Legacy Iron Ore Ltd is engaged in the exploration and development of mineral properties. It holds a diverse portfolio of assets spanning iron ore, gold, and base metals, Tungsten, Rare earth elements. Its projects include the Mt Bevan Project, South Laverton Gold Project, Mt. Celia Project, and many more. The Company operates with three reportable segments: iron ore exploration and development in Australia, gold exploration and development in Australia, and base metals and other critical minerals (OCM) exploration and development in Australia. Each segment focuses on the respective mineral's exploration and development within Australia's resource-rich landscape.
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