Silverstock Metals (XCNQ:STK) Return-on-Tangible-Equity : -17.30% (As of Jun. 2024)

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What is Silverstock Metals 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. Silverstock Metals's annualized net income for the quarter that ended in Jun. 2024 was C$-0.18 Mil. Silverstock Metals's average shareholder tangible equity for the quarter that ended in Jun. 2024 was C$1.04 Mil. Therefore, Silverstock Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was -17.30%.

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

XCNQ:STK' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -27.39 Med: -20.89 Max: -17.03
Current: -27.39

During the past 4 years, Silverstock Metals's highest Return-on-Tangible-Equity was -17.03%. The lowest was -27.39%. And the median was -20.89%.

XCNQ:STK's Return-on-Tangible-Equity is ranked worse than
58.93% of 2442 companies
in the Metals & Mining industry
Industry Median: -16.92 vs XCNQ:STK: -27.39

Silverstock Metals Return-on-Tangible-Equity Historical Data

The historical data trend for Silverstock Metals'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.

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Silverstock Metals Return-on-Tangible-Equity Chart

Silverstock Metals Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Return-on-Tangible-Equity

-20.89

-17.03

-25.82

Silverstock Metals Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Return-on-Tangible-Equity	Get a 7-Day Free Trial								-11.04	-39.94	-23.47	-30.57	-17.30

Competitive Comparison of Silverstock Metals's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, Silverstock Metals'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.

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

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

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

Silverstock Metals Return-on-Tangible-Equity Calculation

Silverstock Metals's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.227	/	( (0.698	+	1.06 )	/ 2 )
	=	-0.227	/	0.879
	=	-25.82 %

Silverstock Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.18	/	( (1.06	+	1.021)	/ 2 )
	=	-0.18	/	1.0405
	=	-17.30 %

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

Silverstock Metals (XCNQ:STK) 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.

Silverstock Metals Return-on-Tangible-Equity Related Terms

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