ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thungela Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was £-651 Mil.
Thungela Resources's average Total Assets over the quarter that ended in Dec. 2025 was £1,812 Mil. Therefore, Thungela Resources's annualized ROA % for the quarter that ended in Dec. 2025 was -35.94%.
The historical rank and industry rank for Thungela Resources's ROA % or its related term are showing as below:
LSE:TGA'
s ROA % Range Over the Past 10 Years
Min: -37.94 Med: 9.73 Max: 47.28
Current: -15.99
During the past 8 years, Thungela Resources's highest ROA % was 47.28%. The lowest was -37.94%. And the median was 9.73%.
LSE:TGA's ROA % is ranked worse than 76.09% of 184
companies
in the Other Energy Sources industry
Industry Median: -0.505
vs LSE:TGA: -15.99
Thungela Resources (LSE:TGA) 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 banks 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:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Thungela Resources ROA % Related Terms
Thungela Resources ROA % Historical Data
* Premium members only.
The historical data trend for Thungela 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.
For the Thermal Coal subindustry, Thungela 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.
Thungela Resources ROA % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Thungela Resources's ROA % distribution charts can be found below:
* The bar in red indicates where Thungela Resources's ROA % 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 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. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Thungela Resources (LSE:TGA) has a ROA % of -35.94% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Thungela Resources and its competitors. According to the industry distribution chart, Thungela Resources ranks #140 out of 184 companies in the Other Energy Sources industry, placing it in the top 76.1%.
Is Thungela Resources' ROA % too high?
Thungela Resources' current ROA % is -35.94%. Based on the distribution chart, Thungela Resources ranks #140 out of 184 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Thungela Resources has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thungela Resources' ROA % compare to CNR?
According to the Other Energy Sources industry distribution chart, Thungela Resources ranks #140 out of 184 companies for ROA %. This places Thungela Resources in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Other Energy Sources company?
A good ROA % depends on the Other Energy Sources industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Thungela Resources and its competitors. Thungela Resources's current ROA % is -35.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thungela Resources stock overvalued right now?
Based on GuruFocus' analysis, Thungela Resources (LSE:TGA) is currently considered Modestly Undervalued. The stock's GF Value™ is £5.22, compared to a current price of £4.55 — trading 12.8% below its estimated fair value. The current ROA % is -35.94%. Thungela Resources' overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Thungela Resources (LSE:TGA), the current ROA % is -35.94% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thungela Resources (LSE:TGA) Overvalued in 2026?
Based on GuruFocus' analysis, Thungela Resources stock appears to be undervalued.
The current stock price of £4.55 is trading 12.8% below its estimated GF Value™ of £5.22.
GuruFocus considers Thungela Resources to be Modestly Undervalued.
Key valuation signals for LSE:TGA:
ROA %: -35.94%
GF Value™: £5.22 vs. price of £4.55 (12.8% below fair value)
No single metric tells the full story. See the LSE:TGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thungela Resources Ltd is a pure-play producer and exporter of thermal coal with operations in South Africa and Australia. The group focuses on high-quality coal reserves and marketable production, positioning as a key player in the energy market by delivering coal through world-class ports, and powering nations. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining, and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa. Its operational segments are Opencast, Underground, and Services.
65GF Score
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