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Infinico Metals (TSXV:INFM) Return-on-Tangible-Asset : -224.20% (As of Dec. 2023)


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What is Infinico Metals 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. Infinico Metals's annualized Net Income for the quarter that ended in Dec. 2023 was C$-3.72 Mil. Infinico Metals's average total tangible assets for the quarter that ended in Dec. 2023 was C$1.66 Mil. Therefore, Infinico Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was -224.20%.

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

TSXV:INFM' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -122.57   Med: -96.34   Max: -37.72
Current: -116.31

During the past 4 years, Infinico Metals's highest Return-on-Tangible-Asset was -37.72%. The lowest was -122.57%. And the median was -96.34%.

TSXV:INFM's Return-on-Tangible-Asset is ranked worse than
87.07% of 2699 companies
in the Metals & Mining industry
Industry Median: -15.23 vs TSXV:INFM: -116.31

Infinico Metals Return-on-Tangible-Asset Historical Data

The historical data trend for Infinico Metals'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.

Infinico Metals Return-on-Tangible-Asset Chart

Infinico Metals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
-101.19 -37.72 -122.57 -91.48

Infinico Metals Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -70.93 -49.46 -125.39 -92.94 -224.20

Competitive Comparison of Infinico Metals's Return-on-Tangible-Asset

For the Gold subindustry, Infinico Metals'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.


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

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

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



Infinico Metals Return-on-Tangible-Asset Calculation

Infinico Metals's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-1.846/( (1.849+2.187)/ 2 )
=-1.846/2.018
=-91.48 %

Infinico Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-3.724/( (1.135+2.187)/ 2 )
=-3.724/1.661
=-224.20 %

* 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 (Dec. 2023) net income data.


Infinico Metals  (TSXV:INFM) 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.


Infinico Metals Return-on-Tangible-Asset Related Terms

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


Infinico Metals (TSXV:INFM) Business Description

Traded in Other Exchanges
N/A
Address
1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3
Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.
Executives
Plethora Private Equity Management 10% Security Holder
Stichting Legal Owner Plethora Private Equity 10% Security Holder

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