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First Phosphate (XCNQ:PHOS) Return-on-Tangible-Asset : -111.27% (As of Nov. 2024)


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What is First Phosphate 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. First Phosphate's annualized Net Income for the quarter that ended in Nov. 2024 was C$-6.73 Mil. First Phosphate's average total tangible assets for the quarter that ended in Nov. 2024 was C$6.05 Mil. Therefore, First Phosphate's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 was -111.27%.

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

XCNQ:PHOS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -253.85   Med: -52.82   Max: -0.11
Current: -131.95

During the past 11 years, First Phosphate's highest Return-on-Tangible-Asset was -0.11%. The lowest was -253.85%. And the median was -52.82%.

XCNQ:PHOS's Return-on-Tangible-Asset is ranked worse than
86.41% of 2657 companies
in the Metals & Mining industry
Industry Median: -17.37 vs XCNQ:PHOS: -131.95

First Phosphate Return-on-Tangible-Asset Historical Data

The historical data trend for First Phosphate'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.

First Phosphate Return-on-Tangible-Asset Chart

First Phosphate Annual Data
Trend Feb09 Feb10 Feb11 Feb12 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -253.85 -250.00 -53.73 -87.61

First Phosphate Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 -71.28 -165.88 -168.32 -10.14 -111.27

Competitive Comparison of First Phosphate's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, First Phosphate'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.


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

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

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


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First Phosphate Return-on-Tangible-Asset Calculation

First Phosphate's annualized Return-on-Tangible-Asset for the fiscal year that ended in Feb. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=-8.292/( (5.933+12.996)/ 2 )
=-8.292/9.4645
=-87.61 %

First Phosphate's annualized Return-on-Tangible-Asset for the quarter that ended in Nov. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Nov. 2024 )  (Q: Aug. 2024 )(Q: Nov. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Nov. 2024 )  (Q: Aug. 2024 )(Q: Nov. 2024 )
=-6.728/( (6.591+5.502)/ 2 )
=-6.728/6.0465
=-111.27 %

* 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 (Nov. 2024) net income data.


First Phosphate  (XCNQ:PHOS) 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.


First Phosphate Return-on-Tangible-Asset Related Terms

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First Phosphate Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1500, Royal Centre, P.O. Box 11117, Vancouver, BC, CAN, V6E 4N7
First Phosphate Corp owns and is developing igneous rock phosphate mineral properties in the Saguenay Region of Quebec for the production of phosphoric acid for the production of cathode active material (CAM) for use in lithium iron phosphate (LPF) batteries for the electric vehicle industry.
Executives
John Passalacqua 10% Security Holder, Director, Senior Officer
Peter Nicholson Director
Laurence Wayne Zeifman Director
Glen Eagle Resources Inc. 10% Security Holder

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