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NorthX Nickel (XCNQ:NIX) Return-on-Tangible-Asset : -45.60% (As of Dec. 2024)


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What is NorthX Nickel 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. NorthX Nickel's annualized Net Income for the quarter that ended in Dec. 2024 was C$-3.48 Mil. NorthX Nickel's average total tangible assets for the quarter that ended in Dec. 2024 was C$7.62 Mil. Therefore, NorthX Nickel's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was -45.60%.

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

XCNQ:NIX' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -958.73   Med: -229.84   Max: -3.69
Current: -148.14

During the past 4 years, NorthX Nickel's highest Return-on-Tangible-Asset was -3.69%. The lowest was -958.73%. And the median was -229.84%.

XCNQ:NIX's Return-on-Tangible-Asset is ranked worse than
88.01% of 2660 companies
in the Metals & Mining industry
Industry Median: -17.23 vs XCNQ:NIX: -148.14

NorthX Nickel Return-on-Tangible-Asset Historical Data

The historical data trend for NorthX Nickel'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.

NorthX Nickel Return-on-Tangible-Asset Chart

NorthX Nickel Annual Data
Trend Sep20 Sep21 Sep22 Dec24
Return-on-Tangible-Asset
-3.69 -83.86 -375.81 -958.73

NorthX Nickel Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Mar24 Jun24 Sep24 Dec24
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 1.74 -5.56 -4.53 -548.05 -45.60

Competitive Comparison of NorthX Nickel's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, NorthX Nickel'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.


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

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

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


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NorthX Nickel Return-on-Tangible-Asset Calculation

NorthX Nickel's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Sep. 2022 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Sep. 2022 )(A: Dec. 2024 )
=-35.794/( (0.316+7.151)/ 2 )
=-35.794/3.7335
=-958.73 %

NorthX Nickel's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=-3.476/( (8.096+7.151)/ 2 )
=-3.476/7.6235
=-45.60 %

* 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. 2024) net income data.


NorthX Nickel  (XCNQ:NIX) 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.


NorthX Nickel Return-on-Tangible-Asset Related Terms

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


NorthX Nickel Business Description

Traded in Other Exchanges
Address
200 Burrard Street, 1200 Waterfront Centre, Vancouver, BC, CAN, V7X 1T2
NorthX Nickel Corp is focused on the exploration of mineral claims located in Québec and Ontario, Canada. The Company's primary mineral property is the Grasset Project in Quebec. The Company also holds a portfolio of 41 mineral properties in Ontario, of which 38 are situated in the Sudbury mining district.
Executives
Thomas Meyer Director, Senior Officer
Christian Peter Kargl-simard Director

NorthX Nickel Headlines

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