What is Thunder Mountain 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. Thunder Mountain Gold's annualized net income for the quarter that ended in Mar. 2024 was C$-1.12 Mil. Thunder Mountain Gold's average shareholder tangible equity for the quarter that ended in Mar. 2024 was C$-0.90 Mil. Therefore, Thunder Mountain Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was N/A%.
The historical rank and industry rank for Thunder Mountain Gold's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Thunder Mountain Gold's highest Return-on-Tangible-Equity was 105.92%. The lowest was -1,112.57%. And the median was -99.64%.
TSXV:THM's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -16.61 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Thunder Mountain Gold Return-on-Tangible-Equity Historical Data
The historical data trend for Thunder Mountain 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.
Competitive Comparison of Thunder Mountain Gold's Return-on-Tangible-Equity
For the Other Precious Metals & Mining subindustry, Thunder Mountain 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.
Thunder Mountain Gold's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thunder Mountain Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thunder Mountain Gold'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 (Mar. 2024) 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.
Thunder Mountain Gold Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Thunder Mountain Gold's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Thunder Mountain Gold (TSXV:THM) Business Description
Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities. The company holds interests in the South Mountain and Trout Creek Project. The current land package at South Mountain consists of 17 patented mining claims encompassing approximately 326 acres, 21 unpatented mining lode claims covering approximately 290 acres, and approximately 489 acres of leased private land. In addition, the project owns 360 acres of private land (mill site) not contiguous with the mining claims. All holdings are in the South Mountain Mining District, Owyhee County, Idaho.
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