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TARSF (Silver North Resources) Return-on-Tangible-Asset : -13.90% (As of Sep. 2024)


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What is Silver North 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. Silver North Resources's annualized Net Income for the quarter that ended in Sep. 2024 was $-0.79 Mil. Silver North Resources's average total tangible assets for the quarter that ended in Sep. 2024 was $5.70 Mil. Therefore, Silver North Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -13.90%.

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

TARSF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -71.9   Med: -25.95   Max: -10.42
Current: -27.12

During the past 13 years, Silver North Resources's highest Return-on-Tangible-Asset was -10.42%. The lowest was -71.90%. And the median was -25.95%.

TARSF's Return-on-Tangible-Asset is ranked worse than
58% of 2657 companies
in the Metals & Mining industry
Industry Median: -17.32 vs TARSF: -27.12

Silver North Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Silver North 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.

Silver North Resources Return-on-Tangible-Asset Chart

Silver North Resources Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.61 -14.42 -24.25 -10.35 -27.12

Silver North Resources 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 -25.15 -9.35 -52.09 -33.82 -13.90

Competitive Comparison of Silver North Resources's Return-on-Tangible-Asset

For the Other Precious Metals & Mining subindustry, Silver North 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.


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

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

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


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Silver North Resources Return-on-Tangible-Asset Calculation

Silver North Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Sep. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=-1.499/( (5.294+5.76)/ 2 )
=-1.499/5.527
=-27.12 %

Silver North Resources'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 )
=-0.792/( (5.637+5.76)/ 2 )
=-0.792/5.6985
=-13.90 %

* 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.


Silver North Resources  (OTCPK:TARSF) 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.


Silver North Resources Return-on-Tangible-Asset Related Terms

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Silver North Resources Business Description

Traded in Other Exchanges
Address
325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7
Silver North Resources Ltd. is a Canada-based company, which is focused on silver discoveries in the Keno Hill Silver District of the Yukon, including Silver North's Haldane Project, where high grade silver has been identified in drilling at two target areas. It holds the Tim silver property in the southern Yukon, where partner-funded exploration has identified high-grade silver mineralization just 19 kilometers (km) from the Silvertip mine.

Silver North Resources Headlines