Tonogold Financial Statements From 2010 to 2026
| TNGL Stock | USD 0.03 0 6.69% |
Check Tonogold Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tonogold Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Tonogold financial statements analysis is a perfect complement when working with Tonogold Resources Valuation or Volatility modules.
Tonogold |
Tonogold Resources Company Return On Equity Analysis
Tonogold Resources' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Tonogold Resources Return On Equity | -0.49 |
Most of Tonogold Resources' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tonogold Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Tonogold Resources has a Return On Equity of -0.4901. This is 153.86% lower than that of the Basic Materials sector and notably lower than that of the Gold industry. The return on equity for all United States stocks is 58.1% higher than that of the company.
Tonogold Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tonogold Resources's current stock value. Our valuation model uses many indicators to compare Tonogold Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tonogold Resources competition to find correlations between indicators driving Tonogold Resources's intrinsic value. More Info.Tonogold Resources is currently regarded as top stock in return on equity category among its peers. It is rated fourth in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tonogold Resources' earnings, one of the primary drivers of an investment's value.About Tonogold Resources Financial Statements
Tonogold Resources investors utilize fundamental indicators, such as revenue or net income, to predict how Tonogold Pink Sheet might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Tonogold Resources, Inc., a junior mining company, focuses on developing and maintaining mining leases on properties in Nevada. Tonogold Resources, Inc. based in Woodland hills, California. Tonogold Res operates under Gold classification in the United States and is traded on OTC Exchange.
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Tonogold Resources financial ratios help investors to determine whether Tonogold Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tonogold with respect to the benefits of owning Tonogold Resources security.