SSMR (Sunshine Silver Mining & Refining Co) Return-on-Tangible-Asset: -72.31% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SSMR Sunshine Silver Mining & Refining Co SSMR
11 GF Score
Price $13.11
View Full Analysis

What is Sunshine Silver Mining & Refining Co Return-on-Tangible-Asset?

Sunshine Silver Mining & Refining Co SSMR -0.98% 11 Return-on-Tangible-Asset is -72.31% as of Dec. 2025. GuruFocus rates SSMR with a GF Score™ of 11/100. Among 2,670 Metals & Mining companies, Sunshine Silver Mining & Refining Co ranks worse than 77% 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. Sunshine Silver Mining & Refining Co's annualized Net Income for the quarter that ended in Dec. 2025 was $-34.74 Mil. Sunshine Silver Mining & Refining Co's average total tangible assets for the quarter that ended in Dec. 2025 was $48.04 Mil. Therefore, Sunshine Silver Mining & Refining Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -72.31%.

The historical rank and industry rank for Sunshine Silver Mining & Refining Co's Return-on-Tangible-Asset or its related term are showing as below:

SSMR' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -72.31   Med: -59.18   Max: -46.04
Current: -72.31

During the past 2 years, Sunshine Silver Mining & Refining Co's highest Return-on-Tangible-Asset was -46.04%. The lowest was -72.31%. And the median was -59.18%.

SSMR's Return-on-Tangible-Asset is ranked worse than
77% of 2670 companies
in the Metals & Mining industry
Industry Median: -17.41 vs SSMR: -72.31

Sunshine Silver Mining & Refining Co  (NYSE:SSMR) 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.


Sunshine Silver Mining & Refining Co Return-on-Tangible-Asset Related Terms


Sunshine Silver Mining & Refining Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Sunshine Silver Mining & Refining Co'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.

Sunshine Silver Mining & Refining Co Return-on-Tangible-Asset Chart

Sunshine Silver Mining & Refining Co Annual Data
Trend Dec24 Dec25
Return-on-Tangible-Asset
-46.04 -72.31

Sunshine Silver Mining & Refining Co Semi-Annual Data
Dec24 Dec25
Return-on-Tangible-Asset -46.04 -72.31

SSMR vs TMC, NVA, NEXA: Return-on-Tangible-Asset Comparison

For the Other Industrial Metals & Mining subindustry, Sunshine Silver Mining & Refining Co'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.


Sunshine Silver Mining & Refining Co Return-on-Tangible-Asset vs Metals & Mining Industry

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

* The bar in red indicates where Sunshine Silver Mining & Refining Co's Return-on-Tangible-Asset falls into.


SSMR
11GF Score
Sunshine Silver Mining & Refining Co SSMR
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunshine Silver Mining & Refining Co Return-on-Tangible-Asset Calculation

Sunshine Silver Mining & Refining Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-34.743/( (27.999+68.09)/ 2 )
=-34.743/48.0445
=-72.31 %

Sunshine Silver Mining & Refining Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=-34.743/( (27.999+68.09)/ 2 )
=-34.743/48.0445
=-72.31 %

* 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 one times the annual (Dec. 2025) net income data.

What does a Return-on-Tangible-Asset of -72.31% mean?
Sunshine Silver Mining & Refining Co (SSMR) has a Return-on-Tangible-Asset of -72.31% 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 Sunshine Silver Mining & Refining Co and its competitors. According to the industry distribution chart, Sunshine Silver Mining & Refining Co ranks #2056 out of 2670 companies in the Metals & Mining industry, placing it in the top 77%.
Is Sunshine Silver Mining & Refining Co's Return-on-Tangible-Asset too high?
Sunshine Silver Mining & Refining Co's current Return-on-Tangible-Asset is -72.31%. Based on the distribution chart, Sunshine Silver Mining & Refining Co ranks #2056 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Sunshine Silver Mining & Refining Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Sunshine Silver Mining & Refining Co's Return-on-Tangible-Asset compare to TMC and NVA?
According to the Metals & Mining industry distribution chart, Sunshine Silver Mining & Refining Co ranks #2056 out of 2670 companies for Return-on-Tangible-Asset. This places Sunshine Silver Mining & Refining Co 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 Sunshine Silver Mining & Refining Co and its competitors. Sunshine Silver Mining & Refining Co's current Return-on-Tangible-Asset is -72.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Silver Mining & Refining Co stock overvalued right now?
Sunshine Silver Mining & Refining Co (SSMR) has a current Return-on-Tangible-Asset of -72.31%. The current Return-on-Tangible-Asset is -72.31%. Sunshine Silver Mining & Refining Co's overall GF Score™ is 11/100. 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 Sunshine Silver Mining & Refining Co (SSMR), the current Return-on-Tangible-Asset is -72.31% 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.

Sunshine Silver Mining & Refining Co Business Description

Address 2209 Big Creek Road, Kellogg, ID, USA, 83837
Sunshine Silver Mining & Refining Co is a mining exploration and development company. It owns and develops the Sunshine Mine, the Sunshine Silver/Copper Refinery, and related facilities, including the Sunshine Tailings Storage Facility and historical antimony refinery grounds. The Sunshine Mine is a permitted past-producing silver mine in the United States that has historically produced silver, antimony, copper, and lead.
11GF Score

Get the complete analysis for SSMR

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.11
Price