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Newpath Resources (XCNQ:PATH) Return-on-Tangible-Asset : -62.79% (As of Jan. 2025)


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What is Newpath Resources 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. Newpath Resources's annualized Net Income for the quarter that ended in Jan. 2025 was C$-0.92 Mil. Newpath Resources's average total tangible assets for the quarter that ended in Jan. 2025 was C$1.47 Mil. Therefore, Newpath Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 was -62.79%.

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

XCNQ:PATH' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -152.61   Med: -106.12   Max: -29.18
Current: -62.7

During the past 5 years, Newpath Resources's highest Return-on-Tangible-Asset was -29.18%. The lowest was -152.61%. And the median was -106.12%.

XCNQ:PATH's Return-on-Tangible-Asset is ranked worse than
74.54% of 2659 companies
in the Metals & Mining industry
Industry Median: -17.25 vs XCNQ:PATH: -62.70

Newpath Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Newpath 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.

* Premium members only.

Newpath Resources Return-on-Tangible-Asset Chart

Newpath Resources Annual Data
Trend Apr20 Apr21 Apr22 Apr23 Apr24
Return-on-Tangible-Asset
-130.80 -29.18 -152.61 -66.68 -106.12

Newpath Resources Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 -114.58 -64.23 -70.63 -48.87 -62.79

Competitive Comparison of Newpath Resources's Return-on-Tangible-Asset

For the Gold subindustry, Newpath 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.


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

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

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


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Newpath Resources Return-on-Tangible-Asset Calculation

Newpath Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Apr. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Apr. 2024 )  (A: Apr. 2023 )(A: Apr. 2024 )
=-2.019/( (2.192+1.613)/ 2 )
=-2.019/1.9025
=-106.12 %

Newpath Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Oct. 2024 )(Q: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Oct. 2024 )(Q: Jan. 2025 )
=-0.924/( (1.517+1.426)/ 2 )
=-0.924/1.4715
=-62.79 %

* 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 (Jan. 2025) net income data.


Newpath Resources  (XCNQ:PATH) 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.


Newpath Resources Return-on-Tangible-Asset Related Terms

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


Newpath Resources Business Description

Traded in Other Exchanges
Address
333 Terminal Avenue, Unit 220, Vancouver, BC, CAN, V6A 4C1
Newpath Resources Inc is in the business of acquiring, exploring, and evaluating mineral resource properties in Canada. . Its property include Northshore property, Schreiber Area, and Orefield project.
Executives
Alexander Mcaulay Director
Darren George Collins Director
Damien Edward Reynolds 10% Security Holder
Emma Fairhurst 10% Security Holder