CGA Mining Limited (ASX:CGX) Return-on-Tangible-Equity : 13.01% (As of Sep. 2012)

CGA Mining Limited Return-on-Tangible-Equity Chart

CGA Mining Limited Annual Data
	Trend	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12
Return-on-Tangible-Equity		Get a 7-Day Free Trial					-16.87	-11.25	10.92	27.63	2.32

CGA Mining Limited Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-20.57	4.93	24.50	-1.69	13.01

Competitive Comparison of CGA Mining Limited's Return-on-Tangible-Equity

For the Gold subindustry, CGA Mining Limited'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.

CGA Mining Limited's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where CGA Mining Limited's Return-on-Tangible-Equity falls into.

CGA Mining Limited Return-on-Tangible-Equity Calculation

CGA Mining Limited's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2012 is calculated as

CGA Mining Limited's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2012 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 (Sep. 2012) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

CGA Mining Limited  (ASX:CGX) 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.

CGA Mining Limited Return-on-Tangible-Equity Related Terms

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CGA Mining Limited (ASX:CGX) Business Description