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Freedom Energy (FRA:B1H2) Return-on-Tangible-Asset : -238.30% (As of Dec. 2018)


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What is Freedom Energy 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. Freedom Energy's annualized Net Income for the quarter that ended in Dec. 2018 was €-0.06 Mil. Freedom Energy's average total tangible assets for the quarter that ended in Dec. 2018 was €0.02 Mil. Therefore, Freedom Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2018 was -238.30%.

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

FRA:B1H2' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -491.09   Med: -213.15   Max: -7.27
Current: -491.09

During the past 13 years, Freedom Energy's highest Return-on-Tangible-Asset was -7.27%. The lowest was -491.09%. And the median was -213.15%.

FRA:B1H2's Return-on-Tangible-Asset is not ranked
in the Steel industry.
Industry Median: 2.96 vs FRA:B1H2: -491.09

Freedom Energy Return-on-Tangible-Asset Historical Data

The historical data trend for Freedom Energy'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.

Freedom Energy Return-on-Tangible-Asset Chart

Freedom Energy Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -292.83 -224.05 -59.42 -223.11 -286.28

Freedom Energy Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 -69.01 -724.85 -412.37 -414.29 -238.30

Competitive Comparison of Freedom Energy's Return-on-Tangible-Asset

For the Coking Coal subindustry, Freedom Energy'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.


Freedom Energy's Return-on-Tangible-Asset Distribution in the Steel Industry

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

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



Freedom Energy Return-on-Tangible-Asset Calculation

Freedom Energy's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2018 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=-0.72/( (0.437+0.066)/ 2 )
=-0.72/0.2515
=-286.28 %

Freedom Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2018 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2018 )  (Q: Sep. 2018 )(Q: Dec. 2018 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2018 )  (Q: Sep. 2018 )(Q: Dec. 2018 )
=-0.056/( (0.025+0.022)/ 2 )
=-0.056/0.0235
=-238.30 %

* 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 (Dec. 2018) net income data.


Freedom Energy  (FRA:B1H2) 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.


Freedom Energy Return-on-Tangible-Asset Related Terms

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Freedom Energy (FRA:B1H2) Business Description

Traded in Other Exchanges
N/A
Address
837 West Hastings Street, Suite 315, Vancouver, BC, CAN, V6C 3N6
Freedom Energy Inc is an exploration stage junior mining company. It is engaged in the exploration, evaluation, and development of metallurgical coal, and oil and gas projects in North America. It also holds an interest in Good Hope gold property. The firm operates through one segment that is Exploration and Evaluation of mineral property interests.

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