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Great Southern Copper (LSE:GSCU) Return-on-Tangible-Asset : -50.99% (As of Sep. 2024)


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What is Great Southern Copper 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. Great Southern Copper's annualized Net Income for the quarter that ended in Sep. 2024 was £-2.01 Mil. Great Southern Copper's average total tangible assets for the quarter that ended in Sep. 2024 was £3.95 Mil. Therefore, Great Southern Copper's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -50.99%.

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

LSE:GSCU' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -57.23   Med: -44.85   Max: -32.89
Current: -57.23

During the past 4 years, Great Southern Copper's highest Return-on-Tangible-Asset was -32.89%. The lowest was -57.23%. And the median was -44.85%.

LSE:GSCU's Return-on-Tangible-Asset is ranked worse than
72.75% of 2657 companies
in the Metals & Mining industry
Industry Median: -17.32 vs LSE:GSCU: -57.23

Great Southern Copper Return-on-Tangible-Asset Historical Data

The historical data trend for Great Southern Copper'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.

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Great Southern Copper Return-on-Tangible-Asset Chart

Great Southern Copper Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Asset
- -44.85 -32.89 -49.38

Great Southern Copper Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Return-on-Tangible-Asset Get a 7-Day Free Trial -21.47 -42.43 -35.57 -63.89 -50.99

Competitive Comparison of Great Southern Copper's Return-on-Tangible-Asset

For the Copper subindustry, Great Southern Copper'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.


Great Southern Copper's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Great Southern Copper's Return-on-Tangible-Asset falls into.


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Great Southern Copper Return-on-Tangible-Asset Calculation

Great Southern Copper'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 )
=-1.759/( (3.325+3.799)/ 2 )
=-1.759/3.562
=-49.38 %

Great Southern Copper's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=-2.014/( (3.799+4.1)/ 2 )
=-2.014/3.9495
=-50.99 %

* 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 (Sep. 2024) net income data.


Great Southern Copper  (LSE:GSCU) 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.


Great Southern Copper Return-on-Tangible-Asset Related Terms

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Great Southern Copper Business Description

Traded in Other Exchanges
N/A
Address
London Wall, Salisbury House, London, GBR, EC2M 5PS
Great Southern Copper PLC is a copper exploration company that aims to generate shareholder value through the successful exploration and discovery of large-scale porphyry copper-gold deposits from its projects located in the underexplored coastal copper belt of northern Chile. The Group has two reportable segments, exploration and corporate. It has two main project sites based on its current license portfolio, San Lorenzo, Especularita, and Monti Lithium located in Chile.

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