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Piche Resources (ASX:PR2) ROA % : -10.64% (As of Dec. 2023)


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What is Piche Resources ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Piche Resources's annualized Net Income for the quarter that ended in Dec. 2023 was A$-1.22 Mil. Piche Resources's average Total Assets over the quarter that ended in Dec. 2023 was A$11.45 Mil. Therefore, Piche Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -10.64%.

The historical rank and industry rank for Piche Resources's ROA % or its related term are showing as below:

ASX:PR2' s ROA % Range Over the Past 10 Years
Min: -44.86   Med: 0   Max: 0
Current: -44.86

ASX:PR2's ROA % is ranked worse than
69.01% of 2662 companies
in the Metals & Mining industry
Industry Median: -17.115 vs ASX:PR2: -44.86

Piche Resources ROA % Historical Data

The historical data trend for Piche Resources's ROA % 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.

Piche Resources ROA % Chart

Piche Resources Annual Data
Trend Jun23 Jun24
ROA %
- -136.61

Piche Resources Semi-Annual Data
Jun23 Dec23 Jun24
ROA % - -10.64 -71.92

Competitive Comparison of Piche Resources's ROA %

For the Other Industrial Metals & Mining subindustry, Piche Resources's ROA %, along with its competitors' market caps and ROA % 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.


Piche Resources's ROA % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Piche Resources's ROA % distribution charts can be found below:

* The bar in red indicates where Piche Resources's ROA % falls into.



Piche Resources ROA % Calculation

Piche Resources's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:

ROA %=Net Income (A: Jun. 2023 )/( (Total Assets (A: . 20 )+Total Assets (A: Jun. 2023 ))/ count )
=/( (+)/ )
=/
= %

Piche Resources's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-1.218/( (0+11.445)/ 1 )
=-1.218/11.445
=-10.64 %

* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.


Piche Resources  (ASX:PR2) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-1.218/11.445
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.218 / 0)*(0 / 11.445)
=Net Margin %*Asset Turnover
=N/A %*0
=-10.64 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Piche Resources ROA % Related Terms

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Piche Resources Business Description

Traded in Other Exchanges
N/A
Address
225 St Georges Terrace, Level 4, Perth, WA, AUS, 6000
Piche Resources Ltd is a mineral exploration company, focusing on exploration for uranium, as well as other precious and base metals, specifically, gold, silver, copper, lead, zinc and rare earth elements (REEs) in Western Australia and Argentina. The company owns a suite of seven granted exploration licences in Western Australia, covering four projects - Ashburton, GascoyneMinindi, Abydos and Beasley Creek. In Argentina the company owns 10 granted mining concessions and 18 applications for mining concessions covering two projects - Sierra Cuadrada and Cerro Chacon.

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