What is Tigers Realm Coal 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. Tigers Realm Coal's annualizedNet Income for the quarter that ended in Jun. 2024 was A$-249.6 Mil. Tigers Realm Coal's average total tangible assets for the quarter that ended in Jun. 2024 was A$163.1 Mil. Therefore, Tigers Realm Coal's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -153.06%.
The historical rank and industry rank for Tigers Realm Coal's Return-on-Tangible-Asset or its related term are showing as below:
ASX:TIG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -194.25 Med: -20.08 Max: 30.16
Current: -50.61
During the past 13 years, Tigers Realm Coal's highest Return-on-Tangible-Asset was 30.16%. The lowest was -194.25%. And the median was -20.08%.
ASX:TIG's Return-on-Tangible-Asset is ranked worse than 99.06% of 636
companies
in the Steel industry
Industry Median: 2.08
vs ASX:TIG: -50.61
Tigers Realm Coal Return-on-Tangible-Asset Historical Data
The historical data trend for Tigers Realm Coal'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 Tigers Realm Coal's Return-on-Tangible-Asset
For the Coking Coal subindustry, Tigers Realm Coal'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.
Tigers Realm Coal's Return-on-Tangible-Asset Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tigers Realm Coal's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tigers Realm Coal'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 (Jun. 2024) net income data.
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.
Tigers Realm Coal Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Tigers Realm Coal's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Tigers Realm Coal Ltd is engaged in the identification, exploration, development, mining, and sale of coal from deposits in the Far East of the Russian Federation. Its objectives encompass the development of the Amaam Coking Coal Deposits, comprising its two, well-located, large coking coal projects. The Amaam Coal Project is located in the Beringovsky Basin, in the Chukotka Autonomous Okrug. The Amaam North and Amaam deposits are located within separate structural blocks of the Bering Coal Basin. Geographically the company derives revenue from the Asia and Russia region, where dominant revenue comes from Asia. The Group has two reportable segments, Amaam North Project and Amaam Project. The company generates the majority of revenue from the Amaam North Project.
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