What is New Talisman Gold Mines 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. New Talisman Gold Mines's annualizedNet Income for the quarter that ended in Sep. 2024 was A$-1.72 Mil. New Talisman Gold Mines's average total tangible assets for the quarter that ended in Sep. 2024 was A$9.36 Mil. Therefore, New Talisman Gold Mines's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -18.33%.
The historical rank and industry rank for New Talisman Gold Mines's Return-on-Tangible-Asset or its related term are showing as below:
ASX:NTL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -44.2 Med: -13.4 Max: -3.27
Current: -22.52
During the past 13 years, New Talisman Gold Mines's highest Return-on-Tangible-Asset was -3.27%. The lowest was -44.20%. And the median was -13.40%.
ASX:NTL's Return-on-Tangible-Asset is ranked worse than 54.77% of 2664
companies
in the Metals & Mining industry
Industry Median: -17.42
vs ASX:NTL: -22.52
New Talisman Gold Mines Return-on-Tangible-Asset Historical Data
The historical data trend for New Talisman Gold Mines'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.
New Talisman Gold Mines Return-on-Tangible-Asset Chart
Competitive Comparison of New Talisman Gold Mines's Return-on-Tangible-Asset
For the Gold subindustry, New Talisman Gold Mines'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.
New Talisman Gold Mines's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Talisman Gold Mines's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where New Talisman Gold Mines'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 (Sep. 2024) net income data.
New Talisman Gold Mines (ASX:NTL) 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.
New Talisman Gold Mines Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of New Talisman Gold Mines's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
New Talisman Gold Mines Ltd is engaged in mine development and mineral exploration. The company's projects include the Talisman mine project. The Talisman mine comprises the Maria, crown or welcome, and mystery veins. The Talisman permit and the Karangahake gold project are located in the southern part of the Coromandel volcanic zone, a north-northwest trending zone of Miocene to early Quaternary sub-aerial calc-alkaline volcanic, During the current period, the company had one business segment - mineral exploration, within New Zealand and Vanuatu.
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