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. 1911 Gold's annualized net income for the quarter that ended in Dec. 2023 was $-1.96 Mil. 1911 Gold's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $21.33 Mil. Therefore, 1911 Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -9.19%.
The historical rank and industry rank for 1911 Gold's Return-on-Tangible-Equity or its related term are showing as below:
AUMBF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -83.34 Med: -21.65 Max: -6.83
Current: -7.16
During the past 7 years, 1911 Gold's highest Return-on-Tangible-Equity was -6.83%. The lowest was -83.34%. And the median was -21.65%.
AUMBF's Return-on-Tangible-Equity is ranked better than 66.1% of 2463
companies
in the Metals & Mining industry
Industry Median: -16.55
vs AUMBF: -7.16
1911 Gold Return-on-Tangible-Equity Historical Data
The historical data trend for 1911 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.
Competitive Comparison of 1911 Gold's Return-on-Tangible-Equity
For the Gold subindustry, 1911 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.
1911 Gold's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, 1911 Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where 1911 Gold's Return-on-Tangible-Equity falls into.
1911 Gold Return-on-Tangible-Equity Calculation
1911 Gold's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 four times the quarterly (Dec. 2023) 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.
1911 Gold Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of 1911 Gold's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
1911 Gold Corp is a junior explorer that holds a highly prospective, consolidated land package totalling 55,500 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba, where it is reprocessing historic tailings on a seasonal basis. 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The company also owns the Tully and DentonKeefer projects near Timmins, Ontario, and intends to focus on both organic growth opportunities and accretive acquisition opportunities in North America.
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