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LINMF (Linear Minerals) Return-on-Tangible-Asset : -47.61% (As of Dec. 2024)


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What is Linear Minerals 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. Linear Minerals's annualized Net Income for the quarter that ended in Dec. 2024 was $-3.00 Mil. Linear Minerals's average total tangible assets for the quarter that ended in Dec. 2024 was $6.30 Mil. Therefore, Linear Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -47.61%.

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

LINMF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -181.89   Med: -119.02   Max: 1.74
Current: -32.6

During the past 13 years, Linear Minerals's highest Return-on-Tangible-Asset was 1.74%. The lowest was -181.89%. And the median was -119.02%.

LINMF's Return-on-Tangible-Asset is ranked worse than
61.21% of 2658 companies
in the Metals & Mining industry
Industry Median: -17.39 vs LINMF: -32.60

Linear Minerals Return-on-Tangible-Asset Historical Data

The historical data trend for Linear 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.

* Premium members only.

Linear Minerals Return-on-Tangible-Asset Chart

Linear Minerals Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -125.64 -139.99 -92.82 -56.18 -59.86

Linear Minerals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -63.53 -42.14 -23.56 -16.42 -47.61

Competitive Comparison of Linear Minerals's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, Linear 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.


Linear Minerals's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Linear Minerals's Return-on-Tangible-Asset distribution charts can be found below:

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


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Linear Minerals Return-on-Tangible-Asset Calculation

Linear Minerals's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=-4.902/( (9.509+6.868)/ 2 )
=-4.902/8.1885
=-59.86 %

Linear Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=-3/( (6.637+5.965)/ 2 )
=-3/6.301
=-47.61 %

* 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. 2024) net income data.


Linear Minerals  (OTCPK:LINMF) 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.


Linear Minerals Return-on-Tangible-Asset Related Terms

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Linear Minerals Business Description

Traded in Other Exchanges
Address
700 West Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3
Linear Minerals Corp is a Canadian mineral exploration company. The company focuses on acquiring a multi-commodity mineral property portfolio. The company identifies, acquires, and explores North American mineral prospects in the precious metal, base metal, and industrial metals sector.