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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. Western Resources's annualizedNet Income for the quarter that ended in Jun. 2024 was C$-9.11 Mil. Western Resources's average total tangible assets for the quarter that ended in Jun. 2024 was C$368.85 Mil. Therefore, Western Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2024 was -2.47%.
The historical rank and industry rank for Western Resources's Return-on-Tangible-Asset or its related term are showing as below:
TSX:WRX's Return-on-Tangible-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: -17.3 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Western Resources (TSX:WRX) 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.
Western Resources Return-on-Tangible-Asset Related Terms
Western Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Western 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.
TSX:WRX vs SVBL, BLTH, LBSR: Return-on-Tangible-Asset Comparison
For the Other Industrial Metals & Mining subindustry, Western 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.
Western Resources Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Western Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Western Resources'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. 2024) net income data.
What does a Return-on-Tangible-Asset of -2.47% mean?
Western Resources (TSX:WRX) has a Return-on-Tangible-Asset of -2.47% as of Jun. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Western Resources and its competitors.
Is Western Resources' Return-on-Tangible-Asset too high?
Western Resources' current Return-on-Tangible-Asset is -2.47%.
How does Western Resources' Return-on-Tangible-Asset compare to SVBL and BLTH?
Western Resources' Return-on-Tangible-Asset of -2.47% can be compared against companies in the Metals & Mining 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 Western Resources and its competitors. Western Resources's current Return-on-Tangible-Asset is -2.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Resources stock overvalued right now?
Western Resources (TSX:WRX) has a current Return-on-Tangible-Asset of -2.47%. The current Return-on-Tangible-Asset is -2.47%. 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 Western Resources (TSX:WRX), the current Return-on-Tangible-Asset is -2.47% as of Jun. 2024. 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.
Western Resources Corp is a resource company focused on the development of its potash project in Canada owned by its wholly owned subsidiary, Western Potash Corp, located in Southern Saskatchewan. Its objectives are to complete Phase I of the Milestone Project to prove a new mining technology, which will then be applied to Phases 2 and 3 to develop potash deposits in an environmentally friendly model. The company's two reportable operating segments are the acquisition, exploration, and development of mineral properties and the investment in real estate projects in Canada.
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