Magellan Copper and GoldMAGE 26 Return-on-Tangible-Asset is -3,654.05% as of Mar. 2026. GuruFocus rates MAGE with a GF Score™ of 26/100. The stock has 2 warning signs investors should review. Among 2,657 Metals & Mining companies, Magellan Copper and Gold ranks worse than 97.52% 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. Magellan Copper and Gold's annualizedNet Income for the quarter that ended in Mar. 2026 was $-0.68 Mil. Magellan Copper and Gold's average total tangible assets for the quarter that ended in Mar. 2026 was $0.02 Mil. Therefore, Magellan Copper and Gold's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3,654.05%.
The historical rank and industry rank for Magellan Copper and Gold's Return-on-Tangible-Asset or its related term are showing as below:
MAGE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -972.76 Med: -250.35 Max: -133.06
Current: -584.03
During the past 13 years, Magellan Copper and Gold's highest Return-on-Tangible-Asset was -133.06%. The lowest was -972.76%. And the median was -250.35%.
MAGE's Return-on-Tangible-Asset is ranked worse than 97.52% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.41
vs MAGE: -584.03
Magellan Copper and Gold (OTCPK:MAGE) 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 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.
Magellan Copper and Gold Return-on-Tangible-Asset Related Terms
Magellan Copper and Gold Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Magellan Copper and Gold'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.
Magellan Copper and Gold Return-on-Tangible-Asset Chart
MAGE vs ALGLF, PGOL, GKOR: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Magellan Copper and Gold'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.
Magellan Copper and Gold Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magellan Copper and Gold's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Magellan Copper and Gold'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -3,654.05% mean?
Magellan Copper and Gold (MAGE) has a Return-on-Tangible-Asset of -3,654.05% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Magellan Copper and Gold and its competitors. According to the industry distribution chart, Magellan Copper and Gold ranks #2591 out of 2657 companies in the Metals & Mining industry, placing it in the top 97.5%.
Is Magellan Copper and Gold's Return-on-Tangible-Asset too high?
Magellan Copper and Gold's current Return-on-Tangible-Asset is -3,654.05%. Based on the distribution chart, Magellan Copper and Gold ranks #2591 out of 2657 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Magellan Copper and Gold has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Magellan Copper and Gold's Return-on-Tangible-Asset compare to ALGLF and PGOL?
According to the Metals & Mining industry distribution chart, Magellan Copper and Gold ranks #2591 out of 2657 companies for Return-on-Tangible-Asset. This places Magellan Copper and Gold in the lower 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 Magellan Copper and Gold and its competitors. Magellan Copper and Gold's current Return-on-Tangible-Asset is -3,654.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Copper and Gold stock overvalued right now?
Magellan Copper and Gold (MAGE) has a current Return-on-Tangible-Asset of -3,654.05%. The current Return-on-Tangible-Asset is -3,654.05%. Magellan Copper and Gold's overall GF Score™ is 26/100 with 2 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 Magellan Copper and Gold (MAGE), the current Return-on-Tangible-Asset is -3,654.05% as of Mar. 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.
Magellan Copper and Gold Corp is an exploration-stage company, and its principal business is the acquisition and exploration of mineral projects. The company's key projects are the Center Star Mine and the Cable Project. Its other projects include BLUE JACKET AND CUPRUM project, Merit's Cable Project and Kris project. It manages its operations as a single segment.
26GF Score
Get the complete analysis for MAGE
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
MAGE has been successfully added to your 
