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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Ivanhoe Electric's annualized Net Income for the quarter that ended in Mar. 2024 was $-222.04 Mil. Ivanhoe Electric's average total tangible assets for the quarter that ended in Mar. 2024 was $474.13 Mil. Therefore, Ivanhoe Electric's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was -46.83%.
The historical rank and industry rank for Ivanhoe Electric's Return-on-Tangible-Asset or its related term are showing as below:
During the past 5 years, Ivanhoe Electric's highest Return-on-Tangible-Asset was -39.26%. The lowest was -73.36%. And the median was -54.51%.
The historical data trend for Ivanhoe Electric's Return-on-Tangible-Asset 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.
Ivanhoe Electric Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Return-on-Tangible-Asset | - | -39.26 | -55.58 | -73.36 | -53.43 |
Ivanhoe Electric Quarterly Data | |||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | -59.37 | -57.07 | -73.97 | -36.99 | -46.83 |
For the Copper subindustry, Ivanhoe Electric's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Metals & Mining industry and Basic Materials sector, Ivanhoe Electric's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ivanhoe Electric's Return-on-Tangible-Asset falls into.
Ivanhoe Electric's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | -199.377 | / | ( (259.237 | + | 487.103) | / 2 ) | |
= | -199.377 | / | 373.17 | ||||
= | -53.43 % |
Ivanhoe Electric's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -222.044 | / | ( (487.103 | + | 461.156) | / 2 ) | |
= | -222.044 | / | 474.1295 | ||||
= | -46.83 % |
* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data.
Ivanhoe Electric (AMEX:IE) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Ivanhoe Electric's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Taylor Melvin | director, officer: President and CEO | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Stephani Terhorst | officer: Vice President Human Resources | 1605 CROWN POINT ROAD, MCKINNEY TX 75072 |
Sofia Bianchi | director | P.O. BOX 68861, RIYADH T0 11537 |
Catherine Anne Barone | officer: Chief Financial Officer | 63 CLIFFWOOD DR, PORT MOODY A1 V3H 5J8 |
Ronald J Vance | director | C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202 |
Gibson Mark Andrew Stuart | officer: Chief Operating Officer | 1101, 172 VICTORY SHIP WAY, NORTH VANCOUVER A1 V7L 0B5 |
Boyd Graham Richard Thomas | officer: Vice President, US Projects | 1254 E 15TH AVE, VANCOUVER A1 V5T 2S8 |
Young Evan James Macmillan | officer: VP, Corporate Development | 123 LANGLEY AVENUE, TORONTO A6 M4K 1B6 |
Patrick Loftus-hills | director | 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Cassandra Pulskamp Joseph | officer: VP, Gen Counsel and Corp Sec | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Quentin Markin | officer: See Remarks | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
Robert M Friedland | director, officer: Chief Executive Officer | 150 BEACH ROAD #25-03, THE GATEWAY WEST, SINGAPORE U0 189720 |
Jordan Neeser | officer: Chief Financial Officer | C/O IVANHOE ELECTRIC INC., 606-999 CANADA PLACE, VANCOUVER A1 V6E 3E1 |
I-pulse Inc. | 10 percent owner | 150 BEACH ROAD #25-003, THE GATEWAY WEST, SINGAPORE U0 189720 |
Glen Nickolas Kuntz | officer: Chief Tech & Innovation Off. | 4300 LOCH LOMOND ROAD, THUNDER BAY A6 P7J 1N9 |
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