Apex ResourcesSLMLF -1.23% Return-on-Tangible-Asset is -7.69% as of Dec. 2025. Among 2,658 Metals & Mining companies, Apex Resources ranks better than 64.6% 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. Apex Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was $-0.32 Mil. Apex Resources's average total tangible assets for the quarter that ended in Dec. 2025 was $4.16 Mil. Therefore, Apex Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -7.69%.
The historical rank and industry rank for Apex Resources's Return-on-Tangible-Asset or its related term are showing as below:
SLMLF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -19.66 Med: -10.98 Max: 2.49
Current: -6.37
During the past 13 years, Apex Resources's highest Return-on-Tangible-Asset was 2.49%. The lowest was -19.66%. And the median was -10.98%.
SLMLF's Return-on-Tangible-Asset is ranked better than 64.6% of 2658
companies
in the Metals & Mining industry
Industry Median: -17.365
vs SLMLF: -6.37
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.
Apex Resources Return-on-Tangible-Asset Related Terms
Apex Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Apex Resources'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.
For the Other Industrial Metals & Mining subindustry, Apex Resources'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.
Apex Resources Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Apex Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Apex Resources'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -7.69% mean?
Apex Resources (SLMLF) has a Return-on-Tangible-Asset of -7.69% 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 Apex Resources and its competitors. According to the industry distribution chart, Apex Resources ranks #941 out of 2658 companies in the Metals & Mining industry, placing it in the top 35.4%.
Is Apex Resources' Return-on-Tangible-Asset too high?
Apex Resources' current Return-on-Tangible-Asset is -7.69%. Based on the distribution chart, Apex Resources ranks #941 out of 2658 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Apex Resources' Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Apex Resources ranks #941 out of 2658 companies for Return-on-Tangible-Asset. This puts Apex Resources 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 Apex Resources and its competitors. Apex Resources's current Return-on-Tangible-Asset is -7.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Resources stock overvalued right now?
Apex Resources (SLMLF) has a current Return-on-Tangible-Asset of -7.69%. The current Return-on-Tangible-Asset is -7.69%. 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 Apex Resources (SLMLF), the current Return-on-Tangible-Asset is -7.69% 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.
Apex Resources Inc is in the exploration stage, and its principal business activity is the exploration and evaluation of mineral properties in Canada and USA. The company is in the process of exploring and evaluating its mineral properties. The company has interests in the Lithium Creek Project, the Jersey-Emerald property, and Ore Hill.
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