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. Hudbay Minerals's annualizedNet Income for the quarter that ended in Sep. 2024 was C$270 Mil. Hudbay Minerals's average total tangible assets for the quarter that ended in Sep. 2024 was C$7,294 Mil. Therefore, Hudbay Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was 3.70%.
The historical rank and industry rank for Hudbay Minerals's Return-on-Tangible-Asset or its related term are showing as below:
TSX:HBM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.9 Med: 0.31 Max: 2.97
Current: 1.64
During the past 13 years, Hudbay Minerals's highest Return-on-Tangible-Asset was 2.97%. The lowest was -7.90%. And the median was 0.31%.
TSX:HBM's Return-on-Tangible-Asset is ranked better than 82.34% of 2678
companies
in the Metals & Mining industry
Industry Median: -17.16
vs TSX:HBM: 1.64
Hudbay Minerals Return-on-Tangible-Asset Historical Data
The historical data trend for Hudbay Minerals'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.
Competitive Comparison of Hudbay Minerals's Return-on-Tangible-Asset
For the Copper subindustry, Hudbay Minerals'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.
Hudbay Minerals's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hudbay Minerals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hudbay Minerals'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 (Sep. 2024) net income data.
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.
Hudbay Minerals Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Hudbay Minerals's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company's revenue is attributable to the copper business. The company sells copper concentrates to smelters across Asia, America, and Europe, and sells Zinc metal, the next biggest source of revenue, to industrial customers across North America.
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