Union Star MetalsASX:USM -10.00% Return-on-Tangible-Asset is -221.14% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 2,661 Metals & Mining companies, Union Star Metals ranks worse than 91.24% on this metric.
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. Union Star Metals's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-2.09 Mil. Union Star Metals's average total tangible assets for the quarter that ended in Dec. 2025 was A$0.95 Mil. Therefore, Union Star Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -221.14%.
The historical rank and industry rank for Union Star Metals's Return-on-Tangible-Asset or its related term are showing as below:
ASX:USM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1230.82 Med: -71.44 Max: 20.13
Current: -210.92
During the past 13 years, Union Star Metals's highest Return-on-Tangible-Asset was 20.13%. The lowest was -1230.82%. And the median was -71.44%.
ASX:USM's Return-on-Tangible-Asset is ranked worse than 91.24% of 2661
companies
in the Metals & Mining industry
Industry Median: -17.25
vs ASX:USM: -210.92
Union Star Metals (ASX:USM) 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.
Union Star Metals Return-on-Tangible-Asset Related Terms
Union Star Metals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Union Star 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.
ASX:USM vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Union Star 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.
Union Star Metals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Union Star Metals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Union Star Metals'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -221.14% mean?
Union Star Metals (ASX:USM) has a Return-on-Tangible-Asset of -221.14% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Union Star Metals and its competitors. According to the industry distribution chart, Union Star Metals ranks #2428 out of 2661 companies in the Metals & Mining industry, placing it in the top 91.2%.
Is Union Star Metals' Return-on-Tangible-Asset too high?
Union Star Metals' current Return-on-Tangible-Asset is -221.14%. Based on the distribution chart, Union Star Metals ranks #2428 out of 2661 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Union Star Metals' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Union Star Metals ranks #2428 out of 2661 companies for Return-on-Tangible-Asset. This places Union Star Metals in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Union Star Metals and its competitors. Union Star Metals's current Return-on-Tangible-Asset is -221.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Star Metals stock overvalued right now?
Union Star Metals (ASX:USM) has a current Return-on-Tangible-Asset of -221.14%. The current Return-on-Tangible-Asset is -221.14%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Union Star Metals (ASX:USM), the current Return-on-Tangible-Asset is -221.14% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Union Star Metals Ltd is a mineral exploration company. It is a U.S precious metals focus strategic emphasis on gold and gold-silver exploration in Tier-1 jurisdictions: Nevada and Idaho. The Cobb Creek Project is positioned as the cornerstone asset, with historical gold resources and exploration upside. Its portfolio is streamlined through the divestment of non-core Australian assets. It defined pathway toward target generation and drilling at Cobb Creek.
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