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Red Lake Gold (XCNQ:RGLD) Return-on-Tangible-Equity : -10.09% (As of Feb. 2024)


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What is Red Lake 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. Red Lake Gold's annualized net income for the quarter that ended in Feb. 2024 was C$-0.20 Mil. Red Lake Gold's average shareholder tangible equity for the quarter that ended in Feb. 2024 was C$2.02 Mil. Therefore, Red Lake Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2024 was -10.09%.

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

XCNQ:RGLD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -64.81   Med: -15.73   Max: -11.17
Current: -11.53

During the past 7 years, Red Lake Gold's highest Return-on-Tangible-Equity was -11.17%. The lowest was -64.81%. And the median was -15.73%.

XCNQ:RGLD's Return-on-Tangible-Equity is ranked better than
56.73% of 2450 companies
in the Metals & Mining industry
Industry Median: -15.96 vs XCNQ:RGLD: -11.53

Red Lake Gold Return-on-Tangible-Equity Historical Data

The historical data trend for Red Lake 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.

Red Lake Gold Return-on-Tangible-Equity Chart

Red Lake Gold Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Return-on-Tangible-Equity
Get a 7-Day Free Trial -52.82 -13.44 -18.01 -11.17 -11.83

Red Lake Gold Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -11.42 -11.94 -11.71 -12.35 -10.09

Competitive Comparison of Red Lake Gold's Return-on-Tangible-Equity

For the Gold subindustry, Red Lake 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.


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

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

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



Red Lake Gold Return-on-Tangible-Equity Calculation

Red Lake Gold's annualized Return-on-Tangible-Equity for the fiscal year that ended in Nov. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Nov. 2023 )  (A: Nov. 2022 )(A: Nov. 2023 )
=-0.248/( (2.168+2.023 )/ 2 )
=-0.248/2.0955
=-11.83 %

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

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Feb. 2024 )  (Q: Nov. 2023 )(Q: Feb. 2024 )
=-0.204/( (2.023+2.022)/ 2 )
=-0.204/2.0225
=-10.09 %

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


Red Lake Gold  (XCNQ:RGLD) 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.


Red Lake Gold Return-on-Tangible-Equity Related Terms

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


Red Lake Gold (XCNQ:RGLD) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Red Lake Gold Inc is focused on a high-impact gold exploration through its Whirlwind Jack Gold Project which is a district-scale gold exploration project located near Red Lake, Ontario. The LP Fault structure interpreted in this project is situated within a deep magnetic low. The company projects also include Fenelon North Gold Project, Preston District Uranium Project.
Executives
Ryan Kalt 10% Security Holder, Director, Senior Officer