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HRFEF (Harfang Exploration) Return-on-Tangible-Equity : -12.76% (As of Oct. 2024)


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What is Harfang Exploration 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. Harfang Exploration's annualized net income for the quarter that ended in Oct. 2024 was $-1.35 Mil. Harfang Exploration's average shareholder tangible equity for the quarter that ended in Oct. 2024 was $10.60 Mil. Therefore, Harfang Exploration's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2024 was -12.76%.

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

HRFEF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -103.05   Med: -37.97   Max: -13.35
Current: -13.38

During the past 13 years, Harfang Exploration's highest Return-on-Tangible-Equity was -13.35%. The lowest was -103.05%. And the median was -37.97%.

HRFEF's Return-on-Tangible-Equity is ranked better than
55.07% of 2395 companies
in the Metals & Mining industry
Industry Median: -17.36 vs HRFEF: -13.38

Harfang Exploration Return-on-Tangible-Equity Historical Data

The historical data trend for Harfang Exploration'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.

Harfang Exploration Return-on-Tangible-Equity Chart

Harfang Exploration Annual Data
Trend Oct14 Oct15 Oct16 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -38.23 -27.27 -40.95 -27.73 -13.36

Harfang Exploration Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Return-on-Tangible-Equity 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 -15.96 -7.60 -13.74 -19.30 -12.76

Competitive Comparison of Harfang Exploration's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, Harfang Exploration'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.


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

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

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


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Harfang Exploration Return-on-Tangible-Equity Calculation

Harfang Exploration's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jan. 2024 )  (A: Jan. 2023 )(A: Jan. 2024 )
=-1.635/( (12.657+11.823 )/ 2 )
=-1.635/12.24
=-13.36 %

Harfang Exploration's annualized Return-on-Tangible-Equity for the quarter that ended in Oct. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Oct. 2024 )  (Q: Jul. 2024 )(Q: Oct. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Oct. 2024 )  (Q: Jul. 2024 )(Q: Oct. 2024 )
=-1.352/( (10.785+10.413)/ 2 )
=-1.352/10.599
=-12.76 %

* 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 (Oct. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Harfang Exploration  (OTCPK:HRFEF) 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.


Harfang Exploration Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Harfang Exploration's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Harfang Exploration Business Description

Traded in Other Exchanges
Address
1100 Avenue des Canadiens-de-Montreal, Suite 300, Montreal, QC, CAN, H3B 2S2
Harfang Exploration Inc is an exploration and evaluation stage company. The company is engaged in the business of acquiring and exploring mineral properties in Canada. The company's focus is currently on the exploration and evaluation of its mineral properties in the James Bay area in the Province of Quebec for gold and lithium and in northeastern Ontario for gold. Its project portfolio includes Lake Menarik, Menarik East, Serpent, Lake Fagnant, and Lake Aulneau properties, Lake Tapiatic Property, and others.

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