Havilah ResourcesHAVRF 23 Return-on-Tangible-Asset is -3.92% as of Jan. 2026. GuruFocus rates HAVRF with a GF Score™ of 23/100. The stock has 3 warning signs investors should review. Among 2,657 Metals & Mining companies, Havilah Resources ranks better than 65.75% 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. Havilah Resources's annualizedNet Income for the quarter that ended in Jan. 2026 was $-1.47 Mil. Havilah Resources's average total tangible assets for the quarter that ended in Jan. 2026 was $37.46 Mil. Therefore, Havilah Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was -3.92%.
The historical rank and industry rank for Havilah Resources's Return-on-Tangible-Asset or its related term are showing as below:
HAVRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.54 Med: -6.11 Max: 10.98
Current: -5.66
During the past 13 years, Havilah Resources's highest Return-on-Tangible-Asset was 10.98%. The lowest was -15.54%. And the median was -6.11%.
HAVRF's Return-on-Tangible-Asset is ranked better than 65.75% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.41
vs HAVRF: -5.66
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.
Havilah Resources Return-on-Tangible-Asset Related Terms
Havilah Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Havilah 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.
HAVRF vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Havilah 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.
Havilah Resources Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Havilah Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Havilah Resources'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of -3.92% mean?
Havilah Resources (HAVRF) has a Return-on-Tangible-Asset of -3.92% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Havilah Resources and its competitors. According to the industry distribution chart, Havilah Resources ranks #910 out of 2657 companies in the Metals & Mining industry, placing it in the top 34.2%.
Is Havilah Resources' Return-on-Tangible-Asset too high?
Havilah Resources' current Return-on-Tangible-Asset is -3.92%. Based on the distribution chart, Havilah Resources ranks #910 out of 2657 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Havilah Resources has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Havilah Resources' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Havilah Resources ranks #910 out of 2657 companies for Return-on-Tangible-Asset. This puts Havilah Resources in the upper 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 Havilah Resources and its competitors. Havilah Resources's current Return-on-Tangible-Asset is -3.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havilah Resources stock overvalued right now?
Havilah Resources (HAVRF) has a current Return-on-Tangible-Asset of -3.92%. The current Return-on-Tangible-Asset is -3.92%. Havilah Resources' overall GF Score™ is 23/100 with 3 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 Havilah Resources (HAVRF), the current Return-on-Tangible-Asset is -3.92% as of Jan. 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.
Havilah Resources Ltd is a mineral exploration and development company engaged in the exploration of gold, copper, cobalt, and other base metals in South Australia. The company holds interests in the Kalkaroo copper-gold-molybdenum project, the Mutooroo copper-cobalt-gold project, the Maldorky iron ore project, the Grants iron ore project, and the Prospect Hill tin project. Kalkaroo is an undeveloped open-pit copper deposit in Australia, defined on a CuEq Ore Reserve basis. The Mutooroo project is a lode-style massive sulphide copper-cobalt deposit located about 60 km southwest of Broken Hill. The Grants iron ore project lies 8 km south of the Barrier Highway and the Transcontinental Railway, approximately one hour's drive southwest of Broken Hill.
23GF Score
Get the complete analysis for HAVRF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAVRF has been successfully added to your 
