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Pelangio Exploration (TSXV:PX) Return-on-Tangible-Asset : -411.19% (As of Sep. 2024)


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What is Pelangio Exploration 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. Pelangio Exploration's annualized Net Income for the quarter that ended in Sep. 2024 was C$-1.18 Mil. Pelangio Exploration's average total tangible assets for the quarter that ended in Sep. 2024 was C$0.29 Mil. Therefore, Pelangio Exploration's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2024 was -411.19%.

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

TSXV:PX' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -321.27   Med: -152.79   Max: -112.34
Current: -277.06

During the past 13 years, Pelangio Exploration's highest Return-on-Tangible-Asset was -112.34%. The lowest was -321.27%. And the median was -152.79%.

TSXV:PX's Return-on-Tangible-Asset is ranked worse than
94.73% of 2678 companies
in the Metals & Mining industry
Industry Median: -17.185 vs TSXV:PX: -277.06

Pelangio Exploration Return-on-Tangible-Asset Historical Data

The historical data trend for Pelangio Exploration'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.

Pelangio Exploration Return-on-Tangible-Asset Chart

Pelangio Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -152.16 -112.34 -143.62 -120.85 -182.03

Pelangio Exploration 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 -231.65 -294.46 -153.19 -276.38 -411.19

Competitive Comparison of Pelangio Exploration's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, Pelangio Exploration'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.


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

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

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



Pelangio Exploration Return-on-Tangible-Asset Calculation

Pelangio Exploration'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 )
=-1.388/( (1.028+0.497)/ 2 )
=-1.388/0.7625
=-182.03 %

Pelangio Exploration'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 )
=-1.176/( (0.392+0.18)/ 2 )
=-1.176/0.286
=-411.19 %

* 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.


Pelangio Exploration  (TSXV:PX) 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.


Pelangio Exploration Return-on-Tangible-Asset Related Terms

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


Pelangio Exploration Business Description

Traded in Other Exchanges
Address
82 Richmond Street East, Toronto, ON, CAN, M5C 1P1
Pelangio Exploration Inc is a Canadian junior gold exploration company. The principal business of the company is the acquisition, exploration, and development of mineral property interests in Canada and Ghana, Africa. The company focuses on the acquisition and exploration of early-stage and undervalued exploration prospects located in gold belts. It holds an interest in various properties in Ghana such as Manfo property, Dankran property, and Obuasi property. In Canada, the company owns an interest in Birch Lake property and others.
Executives
Ingrid Jo-ann Hibbard Director, Senior Officer