Nickel 28 CapitalCONXF 38 Return-on-Tangible-Asset is 6.58% as of Apr. 2026, which is 2169% above its 10-year median of 0.29. GuruFocus rates CONXF with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 2,657 Metals & Mining companies, Nickel 28 Capital ranks better than 77.61% 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. Nickel 28 Capital's annualizedNet Income for the quarter that ended in Apr. 2026 was $8.25 Mil. Nickel 28 Capital's average total tangible assets for the quarter that ended in Apr. 2026 was $125.43 Mil. Therefore, Nickel 28 Capital's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 6.58%.
The historical rank and industry rank for Nickel 28 Capital's Return-on-Tangible-Asset or its related term are showing as below:
CONXF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.17 Med: 0.29 Max: 6.59
Current: 1.51
During the past 7 years, Nickel 28 Capital's highest Return-on-Tangible-Asset was 6.59%. The lowest was -4.17%. And the median was 0.29%.
CONXF's Return-on-Tangible-Asset is ranked better than 77.61% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.41
vs CONXF: 1.51
Nickel 28 Capital (OTCPK:CONXF) 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.
Nickel 28 Capital Return-on-Tangible-Asset Related Terms
Nickel 28 Capital Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Nickel 28 Capital'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.
Nickel 28 Capital Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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.
Nickel 28 Capital Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Nickel 28 Capital'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 four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.58% mean?
Nickel 28 Capital (CONXF) has a Return-on-Tangible-Asset of 6.58% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Nickel 28 Capital and its competitors. This is 2169% above median its historical median of 0.29. According to the industry distribution chart, Nickel 28 Capital ranks #595 out of 2657 companies in the Metals & Mining industry, placing it in the top 22.4%.
Is Nickel 28 Capital's Return-on-Tangible-Asset too high?
Nickel 28 Capital's current Return-on-Tangible-Asset of 6.58% is 2169% above median its 10-year median of 0.29. Based on the distribution chart, Nickel 28 Capital ranks #595 out of 2657 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nickel 28 Capital has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Nickel 28 Capital's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel 28 Capital ranks #595 out of 2657 companies for Return-on-Tangible-Asset. This places Nickel 28 Capital in the top 22% 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 Nickel 28 Capital and its competitors. Nickel 28 Capital's current Return-on-Tangible-Asset is 6.58%, which is 2169% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel 28 Capital stock overvalued right now?
Nickel 28 Capital (CONXF) has a current Return-on-Tangible-Asset of 6.58%. The current Return-on-Tangible-Asset is 6.58%, which is 2169% above median its 10-year median of 0.29. Nickel 28 Capital's overall GF Score™ is 38/100 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 Nickel 28 Capital (CONXF), the current Return-on-Tangible-Asset is 6.58% as of Apr. 2026. 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.
Nickel 28 Capital Corp is a base metals company offering direct exposure to nickel and cobalt. The Company holds a joint-venture interest in the producing Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of nickel and cobalt royalties in projects in Canada, Australia, and Papua New Guinea, including royalties in the Dumont nickel project in Quebec and the Turnagain nickel project in British Columbia. The Company is engaged in the management and acquisition of joint venture and royalty interests in the nickel and cobalt sectors. Its primary focus is on opportunities that could provide shareholders with near-term cash flow and royalties on production and exploration-stage nickel and/or cobalt properties. The Company operates in Canada and Asia Pacific.
38GF Score
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