China Mining (ASX:CMF) Return-on-Tangible-Equity : 0.00% (As of . 20)

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What is China Mining Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. China Mining's annualized net income for the quarter that ended in . 20 was A$ Mil. China Mining's average shareholder tangible equity for the quarter that ended in . 20 was A$ Mil. Therefore, China Mining's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 was %.

The historical rank and industry rank for China Mining's Return-on-Tangible-Equity or its related term are showing as below:

ASX:CMF's Return-on-Tangible-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: -15.95
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

China Mining Return-on-Tangible-Equity Historical Data

The historical data trend for China Mining's Return-on-Tangible-Equity 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.

China Mining Return-on-Tangible-Equity Chart

China Mining Annual Data

Trend

Return-on-Tangible-Equity

China Mining Quarterly Data

Return-on-Tangible-Equity

Competitive Comparison of China Mining's Return-on-Tangible-Equity

For the Gold subindustry, China Mining's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.

China Mining's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where China Mining's Return-on-Tangible-Equity falls into.

China Mining Return-on-Tangible-Equity Calculation

China Mining's annualized Return-on-Tangible-Equity for the fiscal year that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

China Mining's annualized Return-on-Tangible-Equity for the quarter that ended in . 20 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( (	+	)	/ )
	=		/
	=	%

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (. 20) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

China Mining (ASX:CMF) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.

China Mining Return-on-Tangible-Equity Related Terms

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China Mining (ASX:CMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Mining Ltd (ASX:CMF) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.chinamininggroup.com

China Mining Ltd was incorporated on 27 January 2011 with the purpose of establishing a mineral exploration and mining company, as well as seeking opportunities to assist Chinese investors to invest in overseas mining projects. The Company's focus will initially be on its Yarri Range Project for gold exploration in Western Australia. Yarri Range Project comprises 2 exploration licences E31/859 and E31/887 with a total area of 97.2 sq km for gold exploration. The Project is located in the Eastern Goldfields of Western Australia, approximately 170 km northeast of Kalgoorlie around the Laverton Tectonic Zone, a gold mining fields, estimated to contain over 22 million ounces of gold with deposits such as Sunrise Dam (8.0 Moz), Wallaby (8.0 Moz), Granny Smith (2.5 Moz) and Mt Morgans (1.3 Moz).