Black Cat SyndicateBLCAF 12 Return-on-Tangible-Asset is 17.53% as of Dec. 2025. GuruFocus rates BLCAF with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 2,661 Metals & Mining companies, Black Cat Syndicate ranks better than 83.62% 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. Black Cat Syndicate's annualizedNet Income for the quarter that ended in Dec. 2025 was $46.0 Mil. Black Cat Syndicate's average total tangible assets for the quarter that ended in Dec. 2025 was $262.2 Mil. Therefore, Black Cat Syndicate's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 17.53%.
The historical rank and industry rank for Black Cat Syndicate's Return-on-Tangible-Asset or its related term are showing as below:
BLCAF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.1 Med: -8.71 Max: 5.28
Current: 5.28
During the past 8 years, Black Cat Syndicate's highest Return-on-Tangible-Asset was 5.28%. The lowest was -17.10%. And the median was -8.71%.
BLCAF's Return-on-Tangible-Asset is ranked better than 83.62% of 2661
companies
in the Metals & Mining industry
Industry Median: -17.25
vs BLCAF: 5.28
Black Cat Syndicate (OTCPK:BLCAF) 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.
Black Cat Syndicate Return-on-Tangible-Asset Related Terms
Black Cat Syndicate Return-on-Tangible-Asset Historical Data
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The historical data trend for Black Cat Syndicate'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.
Black Cat Syndicate Return-on-Tangible-Asset Chart
BLCAF vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Black Cat Syndicate'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.
Black Cat Syndicate Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Black Cat Syndicate's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Black Cat Syndicate'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 17.53% mean?
Black Cat Syndicate (BLCAF) has a Return-on-Tangible-Asset of 17.53% 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 Black Cat Syndicate and its competitors. According to the industry distribution chart, Black Cat Syndicate ranks #436 out of 2661 companies in the Metals & Mining industry, placing it in the top 16.4%.
Is Black Cat Syndicate's Return-on-Tangible-Asset too high?
Black Cat Syndicate's current Return-on-Tangible-Asset is 17.53%. Based on the distribution chart, Black Cat Syndicate ranks #436 out of 2661 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Black Cat Syndicate has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Black Cat Syndicate's Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Black Cat Syndicate ranks #436 out of 2661 companies for Return-on-Tangible-Asset. This places Black Cat Syndicate in the top 16% of its industry — outperforming the majority of peers. 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 Black Cat Syndicate and its competitors. Black Cat Syndicate's current Return-on-Tangible-Asset is 17.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Cat Syndicate stock overvalued right now?
Black Cat Syndicate (BLCAF) has a current Return-on-Tangible-Asset of 17.53%. The current Return-on-Tangible-Asset is 17.53%. Black Cat Syndicate's overall GF Score™ is 12/100 with 5 warning signs 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 Black Cat Syndicate (BLCAF), the current Return-on-Tangible-Asset is 17.53% 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.
Black Cat Syndicate Ltd is a mining company. It focuses on the exploration and development of the goldfield project. The Group has identified four reportable segments of its business namely total operations: mining and processing of gold, Mine development, Exploration: exploration and evaluation of gold mineralisation and Other: corporate expenditures supporting the business. The company is engaged in the exploration and development of the Bulong Gold Field project located to the east of Kalgoorlie. The company's project includes Kal East Gold project, Coyote Gold Operation, Paulsens Gold Operation.
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