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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. Golden Minerals Co's annualized net income for the quarter that ended in Dec. 2023 was $-5.19 Mil. Golden Minerals Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $3.82 Mil. Therefore, Golden Minerals Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -135.88%.
The historical rank and industry rank for Golden Minerals Co's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Golden Minerals Co's highest Return-on-Tangible-Equity was -16.08%. The lowest was -193.82%. And the median was -89.68%.
The historical data trend for Golden Minerals Co'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.
Golden Minerals Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -83.05 | -103.41 | -16.08 | -96.31 | -159.20 |
Golden Minerals Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -202.61 | -247.40 | -122.86 | -312.58 | -135.88 |
For the Other Precious Metals & Mining subindustry, Golden Minerals Co'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.
For the Metals & Mining industry and Basic Materials sector, Golden Minerals Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Golden Minerals Co's Return-on-Tangible-Equity falls into.
Golden Minerals Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -9.228 | / | ( (6.48 | + | 5.113 ) | / 2 ) | |
= | -9.228 | / | 5.7965 | ||||
= | -159.20 % |
Golden Minerals Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -5.188 | / | ( (2.523 | + | 5.113) | / 2 ) | |
= | -5.188 | / | 3.818 | ||||
= | -135.88 % |
* 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-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 (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Golden Minerals Co (AMEX:AUMN) 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.
Thank you for viewing the detailed overview of Golden Minerals Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Pablo Castanos | officer: Executive Vice President | 350 INDIANA STREET, SUITE 650, GOLDEN CO 80401 |
Andrew Pullar | director | LANDMARK SQUARE, 1ST FL., 64 EARTH CLOSE, WEST BAY BEACH SOUTH, P.O. BOX 10795, GRAND CAYMAN E9 KY1-1007 |
William Durand Eppler | director | 165 GILPIN STREET, DENVER CO 80218 |
David Watkins | director | 1717 SASAMAT STREET, VANCOUVER A1 V6R 4S3 |
John Galassini | officer: Chief Operating Officer | 350 INDIANA STREET, SUITE 650, GOLDEN CO 80401 |
Julie Weedman | officer: Senior VP and CFO | 350 INDIANA STREET, SUITE 650, GOLDEN CO 80401 |
Robert P Vogels | officer: VP, Principal Acct Officer | 1700 LINCOLN STREET, SUITE 3050, DENVER CO 80203 |
Sentient Global Resources Fund Iii, Lp | 10 percent owner | P O BOX 10795, HARBOUR CENTER, GEORGETOWN E9 KY1-1007 |
Warren Rehn | officer: SVP Exploration/Chief Geol. | 350 INDIANA STREET, SUITE 800, GOLDEN CO 80401 |
Jeffrey G Clevenger | director, officer: Chief Executive Officer | 1700 LINCOLN STREET, SUITE 3050, DENVER CO 80203 |
Deborah J Friedman | officer: Sr VP, Gen. Coun. & Corp. Secy | 1700 LINCOLN STREET, SUITE 3050, DENVER CO 80203 |
Sentient Gp Iv, Lp | other: General Partner | P O BOX 10795, GRANDY CAYMAN KY1-1007 E9 00000 |
Sentient Global Resources Fund Iv, L.p. | 10 percent owner | LANDMARK SQUARE, 64 EARTH CLOSE, WEST BAY BEACH SOUTH, GEORGE TOWN, GRAND CAYMAN E9 KY1-1107 |
Sentient Executive Gp Iv, Ltd | 10 percent owner | P O BOX 10795, GRAND CAYMAN E9 KY1-1007 |
Michael Thomas Mason | director | 142 STRATFORD AVE, GARDEN CITY NY 11530 |
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