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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. Maritana Minerals's annualizedNet Income for the quarter that ended in Dec. 2025 was $21.16 Mil. Maritana Minerals's average total tangible assets for the quarter that ended in Dec. 2025 was $137.86 Mil. Therefore, Maritana Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 15.35%.
The historical rank and industry rank for Maritana Minerals's Return-on-Tangible-Asset or its related term are showing as below:
HRZMF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -49.64 Med: -4.44 Max: 13.57
Current: -2.14
During the past 13 years, Maritana Minerals's highest Return-on-Tangible-Asset was 13.57%. The lowest was -49.64%. And the median was -4.44%.
HRZMF's Return-on-Tangible-Asset is ranked better than 71.83% of 2666
companies
in the Metals & Mining industry
Industry Median: -17.3
vs HRZMF: -2.14
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.
Maritana Minerals Return-on-Tangible-Asset Related Terms
Maritana Minerals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Maritana Minerals'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.
HRZMF vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Maritana Minerals'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.
Maritana Minerals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Maritana Minerals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Maritana Minerals'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 15.35% mean?
Maritana Minerals (HRZMF) has a Return-on-Tangible-Asset of 15.35% 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 Maritana Minerals and its competitors. According to the industry distribution chart, Maritana Minerals ranks #751 out of 2666 companies in the Metals & Mining industry, placing it in the top 28.2%.
Is Maritana Minerals' Return-on-Tangible-Asset too high?
Maritana Minerals' current Return-on-Tangible-Asset is 15.35%. Based on the distribution chart, Maritana Minerals ranks #751 out of 2666 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Maritana Minerals has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Maritana Minerals' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Maritana Minerals ranks #751 out of 2666 companies for Return-on-Tangible-Asset. This puts Maritana Minerals 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 Maritana Minerals and its competitors. Maritana Minerals's current Return-on-Tangible-Asset is 15.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maritana Minerals stock overvalued right now?
Based on GuruFocus' analysis, Maritana Minerals (HRZMF) is currently considered Possible Value Trap. The stock's GF Value™ is $30.87, compared to a current price of $0.44 — trading 98.6% below its estimated fair value. The current Return-on-Tangible-Asset is 15.35%. Maritana Minerals' overall GF Score™ is 27/100 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 Maritana Minerals (HRZMF), the current Return-on-Tangible-Asset is 15.35% 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.
Is Maritana Minerals (HRZMF) Overvalued in 2026?
Based on GuruFocus' analysis, Maritana Minerals stock appears to be undervalued.
The current stock price of $0.44 is trading 98.6% below its estimated GF Value™ of $30.87.
GuruFocus considers Maritana Minerals to be Possible Value Trap.
Key valuation signals for HRZMF:
Return-on-Tangible-Asset: 15.35%
GF Value™: $30.87 vs. price of $0.44 (98.6% below fair value)
No single metric tells the full story. See the HRZMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maritana Minerals Ltd is an emerging gold producer that operates in the Western Australian Goldfields. The group owned around 100% Black Swan processing hub (BSPH), located in Kalgoorlie-Boulder in the Eastern Goldfields region of Western Australia. The BSPH is strategically positioned within an established mining and processing corridor and benefits from proximity to high-quality regional infrastructure, including sealed highway access, existing connection to grid power, established mining services, and the city of Kalgoorlie-Boulder, which provides a skilled workforce, freight logistics, and regional airport facilities.
27GF Score
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