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FireFox Gold (TSXV:FFOX) Return-on-Tangible-Equity : -97.84% (As of Sep. 2024)


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What is FireFox Gold 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. FireFox Gold's annualized net income for the quarter that ended in Sep. 2024 was C$-1.70 Mil. FireFox Gold's average shareholder tangible equity for the quarter that ended in Sep. 2024 was C$1.74 Mil. Therefore, FireFox Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was -97.84%.

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

TSXV:FFOX' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -213.47   Med: -174.48   Max: -126.76
Current: -126.76

During the past 7 years, FireFox Gold's highest Return-on-Tangible-Equity was -126.76%. The lowest was -213.47%. And the median was -174.48%.

TSXV:FFOX's Return-on-Tangible-Equity is ranked worse than
86.94% of 2404 companies
in the Metals & Mining industry
Industry Median: -17.29 vs TSXV:FFOX: -126.76

FireFox Gold Return-on-Tangible-Equity Historical Data

The historical data trend for FireFox Gold'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.

FireFox Gold Return-on-Tangible-Equity Chart

FireFox Gold Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial -187.82 -140.46 -205.60 -174.48 -152.95

FireFox Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -328.43 -104.78 -102.80 -206.12 -97.84

Competitive Comparison of FireFox Gold's Return-on-Tangible-Equity

For the Gold subindustry, FireFox Gold'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.


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

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

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



FireFox Gold Return-on-Tangible-Equity Calculation

FireFox Gold'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 )
=-3.137/( (1.964+2.138 )/ 2 )
=-3.137/2.051
=-152.95 %

FireFox Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=-1.7/( (1.255+2.22)/ 2 )
=-1.7/1.7375
=-97.84 %

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


FireFox Gold  (TSXV:FFOX) 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.


FireFox Gold Return-on-Tangible-Equity Related Terms

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


FireFox Gold Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, Suite 650, Vancouver, BC, CAN, V6C 0C3
FireFox Gold Corp is a gold discovery company. The Company is engaged in the exploration and development of gold properties in Finland. Its large portfolio of strategically located gold projects includes Jeesio, Mustajarvi, and Sarvi, all based in the Central Lapland Greenstone Belt of northern Finland. The operations of the company are conducted in two reportable segments Mineral Exploration in Finland and Corporate Operations in Canada.
Executives
Petri Juhani Nousiainen Director
Magnus Minerals Ltd. 10% Security Holder
Carl Löfberg Director
Andrew Macritchie Senior Officer

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