GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Equatorial Resources Ltd (GREY:EQXLF) » Definitions » Return-on-Tangible-Asset

Equatorial Resources (Equatorial Resources) Return-on-Tangible-Asset : -1.96% (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Equatorial 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. Equatorial Resources's annualized Net Income for the quarter that ended in Dec. 2023 was $-0.23 Mil. Equatorial Resources's average total tangible assets for the quarter that ended in Dec. 2023 was $11.54 Mil. Therefore, Equatorial Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -1.96%.

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

EQXLF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -64.23   Med: -5.27   Max: 0.62
Current: -19.78

During the past 13 years, Equatorial Resources's highest Return-on-Tangible-Asset was 0.62%. The lowest was -64.23%. And the median was -5.27%.

EQXLF's Return-on-Tangible-Asset is ranked worse than
95.85% of 627 companies
in the Steel industry
Industry Median: 3.1 vs EQXLF: -19.78

Equatorial Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Equatorial 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.

Equatorial Resources Return-on-Tangible-Asset Chart

Equatorial Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 -0.40 -20.57 -60.73 -23.24

Equatorial Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 Premium Member Only -113.23 -11.75 -10.06 -37.93 -1.96

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

For the Steel subindustry, Equatorial 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.


Equatorial Resources's Return-on-Tangible-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Equatorial Resources's Return-on-Tangible-Asset distribution charts can be found below:

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



Equatorial Resources Return-on-Tangible-Asset Calculation

Equatorial Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=-2.813/( (12.999+11.205)/ 2 )
=-2.813/12.102
=-23.24 %

Equatorial Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=-0.226/( (11.205+11.867)/ 2 )
=-0.226/11.536
=-1.96 %

* 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. 2023) net income data.


Equatorial Resources  (GREY:EQXLF) 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.


Equatorial Resources Return-on-Tangible-Asset Related Terms

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


Equatorial Resources (Equatorial Resources) Business Description

Traded in Other Exchanges
Address
28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000
Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.

Equatorial Resources (Equatorial Resources) Headlines

No Headlines