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Xcite Resources (XCNQ:XRI) Return-on-Tangible-Asset : -73.94% (As of Jan. 2024)


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What is Xcite 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. Xcite Resources's annualized Net Income for the quarter that ended in Jan. 2024 was C$-0.36 Mil. Xcite Resources's average total tangible assets for the quarter that ended in Jan. 2024 was C$0.48 Mil. Therefore, Xcite Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was -73.94%.

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

XCNQ:XRI' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -128.3   Med: -113.29   Max: -89.16
Current: -89.16

During the past 3 years, Xcite Resources's highest Return-on-Tangible-Asset was -89.16%. The lowest was -128.30%. And the median was -113.29%.

XCNQ:XRI's Return-on-Tangible-Asset is ranked worse than
83.47% of 2710 companies
in the Metals & Mining industry
Industry Median: -15.4 vs XCNQ:XRI: -89.16

Xcite Resources Return-on-Tangible-Asset Historical Data

The historical data trend for Xcite 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.

Xcite Resources Return-on-Tangible-Asset Chart

Xcite Resources Annual Data
Trend Oct21 Oct22 Oct23
Return-on-Tangible-Asset
- -98.27 -128.30

Xcite Resources Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -103.31 -37.65 -62.62 -166.48 -73.94

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

For the Other Industrial Metals & Mining subindustry, Xcite 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.


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

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

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



Xcite Resources Return-on-Tangible-Asset Calculation

Xcite Resources's annualized Return-on-Tangible-Asset for the fiscal year that ended in Oct. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=-0.34/( (0.1+0.43)/ 2 )
=-0.34/0.265
=-128.30 %

Xcite Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2024 )  (Q: Oct. 2023 )(Q: Jan. 2024 )
=-0.356/( (0.43+0.533)/ 2 )
=-0.356/0.4815
=-73.94 %

* 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. 2024) net income data.


Xcite Resources  (XCNQ:XRI) 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.


Xcite Resources Return-on-Tangible-Asset Related Terms

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Xcite Resources (XCNQ:XRI) Business Description

Traded in Other Exchanges
N/A
Address
1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3
Website
Xcite Resources Inc is a Canada-based mineral exploration company on its Turgeon Lake Property, located in the Province of Québec. It has one reportable segment, the exploration, and development of mineral property in the province of Quebec, Canada.
Executives
Carl Desjardins 10% Security Holder

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