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Xtract Resources (STU:R9XN) Return-on-Tangible-Asset : 10.62% (As of Jun. 2023)


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What is Xtract 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. Xtract Resources's annualized Net Income for the quarter that ended in Jun. 2023 was €1.45 Mil. Xtract Resources's average total tangible assets for the quarter that ended in Jun. 2023 was €13.64 Mil. Therefore, Xtract Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 was 10.62%.

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

STU:R9XN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -78.66   Med: -21.66   Max: -5.79
Current: -7.67

During the past 13 years, Xtract Resources's highest Return-on-Tangible-Asset was -5.79%. The lowest was -78.66%. And the median was -21.66%.

STU:R9XN's Return-on-Tangible-Asset is ranked better than
64.15% of 2703 companies
in the Metals & Mining industry
Industry Median: -15.22 vs STU:R9XN: -7.67

Xtract Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Xtract 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.

Xtract Resources Return-on-Tangible-Asset Chart

Xtract Resources Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.22 -10.04 -7.33 -33.81 -45.17

Xtract Resources Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 -25.69 -13.27 -0.39 -29.18 10.62

Competitive Comparison of Xtract Resources's Return-on-Tangible-Asset

For the Gold subindustry, Xtract 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.


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

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

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



Xtract Resources Return-on-Tangible-Asset Calculation

Xtract Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-2.103/( (7.361+1.951)/ 2 )
=-2.103/4.656
=-45.17 %

Xtract Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=1.448/( (1.951+25.328)/ 2 )
=1.448/13.6395
=10.62 %

* 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 two times the semi-annual (Jun. 2023) net income data.


Xtract Resources  (STU:R9XN) 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.


Xtract Resources Return-on-Tangible-Asset Related Terms

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


Xtract Resources (STU:R9XN) Business Description

Traded in Other Exchanges
Address
7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG
Xtract Resources PLC is a resource, development, & mining company focused on acquiring brownfield resource projects with a view to releasing value for its shareholders. It is currently focused on the Manica Gold Project & Manica Alluvials Project in Mozambique, Eureka Copper Project, and Kalengwa Processing Copper Project in Zambia. The company generates revenues from the sales of gold bars. Its operating segment includes the Operating gold mining segment in Mozambique, Mine Development in Mozambique, Exploration, Investment & other, and Alluvial Gold Mining Production. The majority of revenue is from the Alluvial Gold Mining Production segment.

Xtract Resources (STU:R9XN) Headlines

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