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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. Royal Mines & Minerals's annualized net income for the quarter that ended in Jul. 2017 was $-0.66 Mil. Royal Mines & Minerals's average shareholder tangible equity for the quarter that ended in Jul. 2017 was $-2.79 Mil. Therefore, Royal Mines & Minerals's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2017 was N/A%.
The historical rank and industry rank for Royal Mines & Minerals's Return-on-Tangible-Equity or its related term are showing as below:
RYMM's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -16.4 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Royal Mines & Minerals (OTCPK:RYMM) 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.
Royal Mines & Minerals Return-on-Tangible-Equity Related Terms
Royal Mines & Minerals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Royal Mines & Minerals'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.
Royal Mines & Minerals Return-on-Tangible-Equity Chart
Royal Mines & Minerals Return-on-Tangible-Equity Competitor Comparison
For the Other Precious Metals & Mining subindustry, Royal Mines & Minerals'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.
Royal Mines & Minerals Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Mines & Minerals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Royal Mines & Minerals'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 four times the quarterly (Jul. 2017) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 0.00% mean?
Royal Mines & Minerals (RYMM) has a Return-on-Tangible-Equity of 0.00% as of Jul. 2017. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Royal Mines & Minerals and its competitors.
Is Royal Mines & Minerals' Return-on-Tangible-Equity too high?
Royal Mines & Minerals' current Return-on-Tangible-Equity is 0.00%.
How does Royal Mines & Minerals' Return-on-Tangible-Equity compare to competitors?
Royal Mines & Minerals' Return-on-Tangible-Equity of 0.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Royal Mines & Minerals and its competitors. Royal Mines & Minerals's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Mines & Minerals stock overvalued right now?
Royal Mines & Minerals (RYMM) has a current Return-on-Tangible-Equity of 0.00%. The current Return-on-Tangible-Equity is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Royal Mines & Minerals (RYMM), the current Return-on-Tangible-Equity is 0.00% as of Jul. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Royal Mines & Minerals Corp is involved in the business of the development of mining technologies for the extraction of precious metals. Its main objectives are to extract and refine precious metals from coal ash, ores, and other leachable assets, use its proprietary processes to create assets and joint venture, acquire and develop mining projects in North America.
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