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Timah Resources (ASX:TML) Return-on-Tangible-Asset : -16.06% (As of Dec. 2024)


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What is Timah Resources 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. Timah Resources's annualized Net Income for the quarter that ended in Dec. 2024 was A$-2.83 Mil. Timah Resources's average total tangible assets for the quarter that ended in Dec. 2024 was A$17.63 Mil. Therefore, Timah Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -16.06%.

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

ASX:TML' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -28.6   Med: -0.09   Max: 5.89
Current: -8.41

During the past 9 years, Timah Resources's highest Return-on-Tangible-Asset was 5.89%. The lowest was -28.60%. And the median was -0.09%.

ASX:TML's Return-on-Tangible-Asset is ranked worse than
85.88% of 439 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2 vs ASX:TML: -8.41

Timah Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Timah Resources'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.

Timah Resources Return-on-Tangible-Asset Chart

Timah Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only -0.27 0.62 -4.94 1.19 -9.10

Timah Resources Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.79 -0.65 2.74 2.24 -16.06

Competitive Comparison of Timah Resources's Return-on-Tangible-Asset

For the Utilities - Renewable subindustry, Timah Resources'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.


Timah Resources's Return-on-Tangible-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Timah Resources's Return-on-Tangible-Asset distribution charts can be found below:

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


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Timah Resources Return-on-Tangible-Asset Calculation

Timah Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=-1.246/( (9.75+17.638)/ 2 )
=-1.246/13.694
=-9.10 %

Timah Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-2.83/( (17.615+17.638)/ 2 )
=-2.83/17.6265
=-16.06 %

* 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. 2024) net income data.


Timah Resources  (ASX:TML) 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.


Timah Resources Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Timah Resources's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Timah Resources Business Description

Traded in Other Exchanges
N/A
Address
28 Drummond Street, Carlton, Melbourne, VIC, AUS, 3053
Timah Resources Ltd engages in the generation of renewable energy power. It operates a biogas power generation plant through its subsidiary in Malaysia, which uses Palm Oil Mill Effluent to produce Methane Gas, which is then used as fuel to run Gas Engines to generate green and renewable energy. The company operates in two geographical segments: Malaysia, which derives key revenue, and Australia.

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