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. Zoro Mining's annualized net income for the quarter that ended in Apr. 2012 was $-4.09 Mil. Zoro Mining's average shareholder tangible equity for the quarter that ended in Apr. 2012 was $-2.24 Mil. Therefore, Zoro Mining's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2012 was N/A%.
The historical rank and industry rank for Zoro Mining's Return-on-Tangible-Equity or its related term are showing as below:
ZORM's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -15.95 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Zoro Mining Return-on-Tangible-Equity Historical Data
The historical data trend for Zoro Mining'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 Zoro Mining's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, Zoro Mining'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.
Zoro Mining's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zoro Mining's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Zoro Mining's Return-on-Tangible-Equity falls into.
Zoro Mining Return-on-Tangible-Equity Calculation
Zoro Mining's annualized Return-on-Tangible-Equity for the fiscal year that ended in Apr. 2012 is calculated as
* 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 one times the annual (Apr. 2012) 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.
Zoro Mining Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Zoro Mining's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Zoro Mining Corp was incorporated under the laws of the State of Nevada on April 20, 2004 under the name 'Rockdale Mining Corp'. Effective March 19, 2007, it merged with a wholly-owned subsidiary, Zoro Mining Corp., pursuant to Articles of merger filed with the Nevada Secretary of State. The merger was in the form of a parent/subsidiary merger with Rochdale Mining Corp. as the surviving corporation. Upon completion of the merger, its corporate name was changed to 'Zoro Mining Corp.' and its Articles of Incorporation were amended to reflect this name change. It is a natural resource exploration company currently engaged in the exploration, acquisition and development of property located in South America and Mexico. It plans to conduct exploration programs on its properties with the objective of ascertaining whether any of its properties contain economic concentrations of minerals that are prospective for mining. The Company currently has interests in an aggregate of approximately 27,294 net acres located in Chile, approximately 4,940 net acres in Peru, and a further 6,822 gross acres located in Mexico, targeting gold, copper and platinum. It operates in a highly competitive industry, competing with other mining and exploration mineral companies, and institutional and individual investors, which are actively seeking metal and mineral based exploration properties throughout the world together with the equipment, labor and materials required to exploit such properties. The Company's mineral exploration activities are, or would be, subject to extensive foreign laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters.
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