SELECT * FROM `stock_list` where symbol='CQ4' AND exchange = 'FRA' limit 0,1 SELECT * FROM `stock_list` where symbol='CQ4' AND exchange = 'FRA' limit 0,1 SELECT * FROM `stock_list` WHERE `symbol` = "CQ4" and stock_list.exchange IN (SELECT exchange FROM gurufocu_main.stock_list_exchanges where country='USA' and active=1) limit 0,1
Mandrake Resources (FRA:CQ4) Return-on-Tangible-Equity
What is Mandrake Resources 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. Mandrake Resources's annualized net income for the quarter that ended in Dec. 2023 was €-0.09 Mil. Mandrake Resources's average shareholder tangible equity for the quarter that ended in Dec. 2023 was €14.53 Mil. Therefore, Mandrake Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -0.63%.
The historical rank and industry rank for Mandrake Resources's Return-on-Tangible-Equity or its related term are showing as below:
FRA:CQ4'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -46.92 Med: -15.13 Max: -1.01
Current: -1.01
During the past 13 years, Mandrake Resources's highest Return-on-Tangible-Equity was -1.01%. The lowest was -46.92%. And the median was -15.13%.
FRA:CQ4's Return-on-Tangible-Equity is ranked better than 77.9% of 2471
companies
in the Metals & Mining industry
Industry Median: -16.41
vs FRA:CQ4: -1.01
Mandrake Resources Return-on-Tangible-Equity Historical Data
The historical data trend for Mandrake Resources'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.
Competitive Comparison of Mandrake Resources's Return-on-Tangible-Equity
For the Gold subindustry, Mandrake Resources'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.
Mandrake Resources's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mandrake Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mandrake Resources's Return-on-Tangible-Equity falls into.
* 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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Mandrake Resources Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Mandrake Resources's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Mandrake Resources Ltd is engaged in the exploration of mineral properties. It holds interests in the Berinka Pine Creek Gold Project located to the south of Darwin; and the Jimperding Project, Utah lithium. The company has an exploration license in the western limb of the Pine Creek Orogen, Northern Territory.
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