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International Battery Metals (XCNQ:IBAT) Return-on-Tangible-Equity : -42.66% (As of Dec. 2023)


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What is International Battery 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. International Battery Metals's annualized net income for the quarter that ended in Dec. 2023 was C$-15.05 Mil. International Battery Metals's average shareholder tangible equity for the quarter that ended in Dec. 2023 was C$35.28 Mil. Therefore, International Battery Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -42.66%.

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

XCNQ:IBAT' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1331.51   Med: -125.44   Max: -23.77
Current: -30.56

During the past 10 years, International Battery Metals's highest Return-on-Tangible-Equity was -23.77%. The lowest was -1,331.51%. And the median was -125.44%.

XCNQ:IBAT's Return-on-Tangible-Equity is ranked worse than
62.69% of 2458 companies
in the Metals & Mining industry
Industry Median: -16.485 vs XCNQ:IBAT: -30.56

International Battery Metals Return-on-Tangible-Equity Historical Data

The historical data trend for International Battery 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.

* Premium members only.

International Battery Metals Return-on-Tangible-Equity Chart

International Battery Metals Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -125.44 -629.24 -1,331.51 - -

International Battery Metals Quarterly Data
Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jun23 Sep23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -61.62 -156.80 -74.15 -29.59 -42.66

Competitive Comparison of International Battery Metals's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, International Battery 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.


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

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

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



International Battery Metals Return-on-Tangible-Equity Calculation

International Battery Metals's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2021 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jan. 2021 )  (A: Jan. 2020 )(A: Jan. 2021 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jan. 2021 )  (A: Jan. 2020 )(A: Jan. 2021 )
=-14.378/( (-1.084+-0.113 )/ 2 )
=-14.378/-0.5985
=N/A %

International Battery Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-15.052/( (34.892+35.674)/ 2 )
=-15.052/35.283
=-42.66 %

* 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.


International Battery Metals  (XCNQ:IBAT) 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.


International Battery Metals Return-on-Tangible-Equity Related Terms

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International Battery Metals (XCNQ:IBAT) Business Description

Traded in Other Exchanges
Address
1055 West Georgia Street, Suite 1750, Royal Centre, Vancouver, BC, CAN, V6E 3P3
International Battery Metals Ltd is a technology company focused on lithium extraction from salars, geothermal brines and oil field brines. The company is in the process of creating and applying intellectual property related to lithium extraction from brines. Its extraction process is environmentally friendly, low cost, and has the potential to produce commercial-grade lithium at a faster rate.
Executives
Logan Bruce Anderson Senior Officer

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