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PZG (Paramount Gold Nevada) Return-on-Tangible-Asset : -11.30% (As of Sep. 2024)


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What is Paramount Gold Nevada 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. Paramount Gold Nevada's annualized Net Income for the quarter that ended in Sep. 2024 was $-6.29 Mil. Paramount Gold Nevada's average total tangible assets for the quarter that ended in Sep. 2024 was $55.67 Mil. Therefore, Paramount Gold Nevada's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -11.30%.

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

PZG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.56   Med: -12.19   Max: -10.07
Current: -13.15

During the past 13 years, Paramount Gold Nevada's highest Return-on-Tangible-Asset was -10.07%. The lowest was -14.56%. And the median was -12.19%.

PZG's Return-on-Tangible-Asset is ranked better than
55.19% of 2678 companies
in the Metals & Mining industry
Industry Median: -17.185 vs PZG: -13.15

Paramount Gold Nevada Return-on-Tangible-Asset Historical Data

The historical data trend for Paramount Gold Nevada'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.

Paramount Gold Nevada Return-on-Tangible-Asset Chart

Paramount Gold Nevada Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.46 -10.94 -14.25 -11.70 -14.56

Paramount Gold Nevada Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -15.25 -10.87 -11.96 -17.85 -11.30

Competitive Comparison of Paramount Gold Nevada's Return-on-Tangible-Asset

For the Gold subindustry, Paramount Gold Nevada'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.


Paramount Gold Nevada's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Paramount Gold Nevada's Return-on-Tangible-Asset falls into.



Paramount Gold Nevada Return-on-Tangible-Asset Calculation

Paramount Gold Nevada's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-8.056/( (54.306+56.362)/ 2 )
=-8.056/55.334
=-14.56 %

Paramount Gold Nevada'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: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-6.288/( (56.362+54.973)/ 2 )
=-6.288/55.6675
=-11.30 %

* 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 (Sep. 2024) net income data.


Paramount Gold Nevada  (AMEX:PZG) 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.


Paramount Gold Nevada Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Paramount Gold Nevada's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Paramount Gold Nevada Business Description

Traded in Other Exchanges
Address
665 Anderson Street, Winnemucca, NV, USA, 89445
Paramount Gold Nevada Corp is an exploration-stage mining company. Together with its subsidiaries, the company is engaged in the business of acquiring, exploring, and developing precious metal projects in the United States. Also, it explores for gold and silver. The company enhances the value of projects by implementing exploration and engineering programs that are likely to expand and upgrade known mineralized material to reserves. Its projects include sleeper gold, grassy mountain gold, frost project, other non-material, and others.
Executives
Fcmi Parent Co. 10 percent owner 181 BAY STREET, SUITE 250, TORONTO A6 M5J 2T3
Charitable Foundation Buckingham 10 percent owner 467 LYTTON BLVD., TORONTO A6 M5N 1S5
Samantha Jane Espley director 102 HIDDEN RIDGE COURT, SUDBURY A6 P3E 0G1
Rachel Louise Goldman director, officer: Chief Executive Officer 4721 CIRCLE ROAD, MONTREAL A8 H3W 1Z2
Christopher J. Reynolds director 40 UNIVERSITY AVE., SUITE 102, TORONTO A6 L6J 2K6
John Carden director 925 NORTH HOMESTEAD DR., LIBERTY LAKE WA 99019
John W. Seaberg director C/O KLONDEX MINES LTD, 1055 WEST HASTINGS ST., SUITE 200, VANCOUVER A1 V6C 2E9
Van Treek Glen Alex director, officer: President VIRGINIA 7556 VITACURA, SANTIAGO F3 7630340
Rudi Fronk director 33 LOMBARD STREET #4503, TORONTO A6 M5C 3H8
Carlo Buffone officer: Chief Financial Officer 346 WAVERLEY STREET, OTTAWA A6 K2P0K6
David Stewart Smith director 2997 ROSEBERY AVE, WEST VANCOUVER A1 V7V3A8
Pierre Clement Pelletier director 911 KENNEDY AVE., NORTH VANCOUVER A1 V7R1L4
Fcmi Financial Corp Et Al 10 percent owner BCE PLACE, 181 BAY STREET SUITE 250, TORONTO CANADA A6
Albert Friedberg 10 percent owner
Eliseo Gonzalez-urien director 10911 CORP RANCH, ASHLAND OR 97520