Victory MetalsASX:VTM +2.61%39 Return-on-Tangible-Asset is -19.34% as of Dec. 2025. GuruFocus rates ASX:VTM with a GF Score™ of 39/100. The stock has 1 warning sign investors should review. Among 2,667 Metals & Mining companies, Victory Metals ranks worse than 59.36% 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. Victory Metals's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-4.28 Mil. Victory Metals's average total tangible assets for the quarter that ended in Dec. 2025 was A$22.14 Mil. Therefore, Victory Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -19.34%.
The historical rank and industry rank for Victory Metals's Return-on-Tangible-Asset or its related term are showing as below:
ASX:VTM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -91.27 Med: -22.72 Max: -19.36
Current: -28.3
During the past 4 years, Victory Metals's highest Return-on-Tangible-Asset was -19.36%. The lowest was -91.27%. And the median was -22.72%.
ASX:VTM's Return-on-Tangible-Asset is ranked worse than 59.36% of 2667
companies
in the Metals & Mining industry
Industry Median: -17.27
vs ASX:VTM: -28.30
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.
Victory Metals Return-on-Tangible-Asset Related Terms
Victory Metals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Victory 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.
For the Other Industrial Metals & Mining subindustry, Victory 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.
Victory Metals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Victory Metals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Victory 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 -19.34% mean?
Victory Metals (ASX:VTM) has a Return-on-Tangible-Asset of -19.34% 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 Victory Metals and its competitors. According to the industry distribution chart, Victory Metals ranks #1583 out of 2667 companies in the Metals & Mining industry, placing it in the top 59.4%.
Is Victory Metals' Return-on-Tangible-Asset too high?
Victory Metals' current Return-on-Tangible-Asset is -19.34%. Based on the distribution chart, Victory Metals ranks #1583 out of 2667 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Victory Metals has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Victory Metals' Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Victory Metals ranks #1583 out of 2667 companies for Return-on-Tangible-Asset. This places Victory 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 Victory Metals and its competitors. Victory Metals's current Return-on-Tangible-Asset is -19.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Metals stock overvalued right now?
Victory Metals (ASX:VTM) has a current Return-on-Tangible-Asset of -19.34%. The current Return-on-Tangible-Asset is -19.34%. Victory Metals' overall GF Score™ is 39/100 with 1 warning sign to review. 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 Victory Metals (ASX:VTM), the current Return-on-Tangible-Asset is -19.34% 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.
Victory Metals Ltd is an Australian-listed mineral exploration company focused principally on rare earth elements (REE) and critical minerals. Their key project is the North Stanmore Heavy Rare Earth Elements (HREE) project in Western Australia. The company is engaged in exploration and development activities targeting rare earths such as dysprosium, terbium, scandium, and hafnium, which have strategic importance for defense, clean energy.
39GF Score
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