GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Route 109 Resources Inc (STU:8M0) » Definitions » Return-on-Tangible-Asset

Route 109 Resources (STU:8M0) Return-on-Tangible-Asset : -1.85% (As of Feb. 2025)


View and export this data going back to 2020. Start your Free Trial

What is Route 109 Resources 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. Route 109 Resources's annualized Net Income for the quarter that ended in Feb. 2025 was €-0.20 Mil. Route 109 Resources's average total tangible assets for the quarter that ended in Feb. 2025 was €10.58 Mil. Therefore, Route 109 Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 was -1.85%.

The historical rank and industry rank for Route 109 Resources's Return-on-Tangible-Asset or its related term are showing as below:

STU:8M0' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -192.26   Med: -29.36   Max: -0.79
Current: -1.76

During the past 8 years, Route 109 Resources's highest Return-on-Tangible-Asset was -0.79%. The lowest was -192.26%. And the median was -29.36%.

STU:8M0's Return-on-Tangible-Asset is ranked better than
75.33% of 2659 companies
in the Metals & Mining industry
Industry Median: -17.32 vs STU:8M0: -1.76

Route 109 Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Route 109 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.

* Premium members only.

Route 109 Resources Return-on-Tangible-Asset Chart

Route 109 Resources Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Return-on-Tangible-Asset
Get a 7-Day Free Trial -189.86 -29.46 -3.09 -0.74 -1.83

Route 109 Resources Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 -2.49 -1.19 -1.89 -2.02 -1.85

Competitive Comparison of Route 109 Resources's Return-on-Tangible-Asset

For the Gold subindustry, Route 109 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.


Route 109 Resources's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Route 109 Resources's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Route 109 Resources's Return-on-Tangible-Asset falls into.


;
;

Route 109 Resources Return-on-Tangible-Asset Calculation

Route 109 Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=-0.189/( (10.147+10.467)/ 2 )
=-0.189/10.307
=-1.83 %

Route 109 Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Nov. 2024 )(Q: Feb. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Nov. 2024 )(Q: Feb. 2025 )
=-0.196/( (10.515+10.651)/ 2 )
=-0.196/10.583
=-1.85 %

* 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 (Feb. 2025) net income data.


Route 109 Resources  (STU:8M0) 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.


Route 109 Resources Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Route 109 Resources's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Route 109 Resources Business Description

Traded in Other Exchanges
Address
1177 W. Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3
Route 109 Resources Inc is a Canadian exploration company with two historical high-grade assets in Quebec. Currently, it is Exploring for Copper and Gold in Quebec. The Dunlop Bay property has 76 contiguous mineral claims that cover 4,226 hectares, and the King Tut property has 120 contiguous mineral claims that cover 5,206 hectares.

Route 109 Resources Headlines

No Headlines