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Asarian EnergyTSX:ARN +3.45%37 Return-on-Tangible-Asset is -6.33% as of Jun. 2026. GuruFocus rates TSX:ARN with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 2,666 Metals & Mining companies, Asarian Energy ranks better than 64.29% 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. Asarian Energy's annualizedNet Income for the quarter that ended in Jun. 2026 was C$-2.81 Mil. Asarian Energy's average total tangible assets for the quarter that ended in Jun. 2026 was C$44.43 Mil. Therefore, Asarian Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -6.33%.
The historical rank and industry rank for Asarian Energy's Return-on-Tangible-Asset or its related term are showing as below:
TSX:ARN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -143.09 Med: -5.96 Max: 7.5
Current: -6.42
During the past 13 years, Asarian Energy's highest Return-on-Tangible-Asset was 7.50%. The lowest was -143.09%. And the median was -5.96%.
TSX:ARN's Return-on-Tangible-Asset is ranked better than 64.29% of 2666
companies
in the Metals & Mining industry
Industry Median: -17.26
vs TSX:ARN: -6.42
Asarian Energy (TSX:ARN) 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 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.
Asarian Energy Return-on-Tangible-Asset Related Terms
Asarian Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Asarian Energy'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.
Asarian Energy Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Asarian Energy'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.
Asarian Energy Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asarian Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asarian Energy'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -6.33% mean?
Asarian Energy (TSX:ARN) has a Return-on-Tangible-Asset of -6.33% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Asarian Energy and its competitors. According to the industry distribution chart, Asarian Energy ranks #952 out of 2666 companies in the Metals & Mining industry, placing it in the top 35.7%.
Is Asarian Energy's Return-on-Tangible-Asset too high?
Asarian Energy's current Return-on-Tangible-Asset is -6.33%. Based on the distribution chart, Asarian Energy ranks #952 out of 2666 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Asarian Energy has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Asarian Energy's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Asarian Energy ranks #952 out of 2666 companies for Return-on-Tangible-Asset. This puts Asarian Energy 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 Asarian Energy and its competitors. Asarian Energy's current Return-on-Tangible-Asset is -6.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asarian Energy stock overvalued right now?
Asarian Energy (TSX:ARN) has a current Return-on-Tangible-Asset of -6.33%. The current Return-on-Tangible-Asset is -6.33%. Asarian Energy's overall GF Score™ is 37/100 with 2 warning signs to review. 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 Asarian Energy (TSX:ARN), the current Return-on-Tangible-Asset is -6.33% as of Jun. 2026. 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.
Forsys Metals Corp is engaged in the acquisition, exploration, and development of mineral properties in Namibia, Africa. The Company's operations are focused on its uranium projects, including the Norasa Uranium Project, Valencia Uranium Project, and Namibplaas Uranium Project.
37GF Score
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