Tinka Resources Limited Stock Return On Asset
| TK Stock | CAD 0.1 0.01 5.00% |
Tinka Resources Limited fundamentals help investors to digest information that contributes to Tinka Resources' financial success or failures. It also enables traders to predict the movement of Tinka Stock. The fundamental analysis module provides a way to measure Tinka Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tinka Resources stock.
Return On Assets is likely to drop to -0.02 in 2024. Tinka | Return On Asset |
Tinka Resources Limited Company Return On Asset Analysis
Tinka Resources' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Tinka Resources Return On Asset | -0.0129 |
Most of Tinka Resources' fundamental indicators, such as Return On Asset, 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, Tinka Resources Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Tinka Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Tinka Resources is extremely important. It helps to project a fair market value of Tinka Stock properly, considering its historical fundamentals such as Return On Asset. Since Tinka Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tinka Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tinka Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Tinka Total Assets
Total Assets |
|
Based on the latest financial disclosure, Tinka Resources Limited has a Return On Asset of -0.0129. This is 101.74% lower than that of the Metals & Mining sector and 99.78% lower than that of the Materials industry. The return on asset for all Canada stocks is 90.79% lower than that of the firm.
Tinka Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tinka Resources' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tinka Resources could also be used in its relative valuation, which is a method of valuing Tinka Resources by comparing valuation metrics of similar companies.Tinka Resources is currently under evaluation in return on asset category among its peers.
Tinka Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Tinka Resources from analyzing Tinka Resources' financial statements. These drivers represent accounts that assess Tinka Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tinka Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 42.3M | 60.5M | 61.3M | 46.5M | 41.9M | 44.0M | |
| Enterprise Value | 35.5M | 47.7M | 57.3M | 36.9M | 33.2M | 17.5M |
Tinka Fundamentals
| Return On Equity | -0.0157 | ||||
| Return On Asset | -0.0129 | ||||
| Current Valuation | 33.95 M | ||||
| Shares Outstanding | 391.3 M | ||||
| Shares Owned By Insiders | 39.22 % | ||||
| Shares Owned By Institutions | 20.01 % | ||||
| Number Of Shares Shorted | 2.25 K | ||||
| Price To Book | 0.50 X | ||||
| EBITDA | (1.72 M) | ||||
| Net Income | (1.46 M) | ||||
| Cash And Equivalents | 11.05 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 656.9 K | ||||
| Current Ratio | 20.05 X | ||||
| Book Value Per Share | 0.19 X | ||||
| Cash Flow From Operations | (1.28 M) | ||||
| Short Ratio | 0.04 X | ||||
| Target Price | 0.45 | ||||
| Beta | 1.41 | ||||
| Market Capitalization | 37.17 M | ||||
| Total Asset | 76.47 M | ||||
| Retained Earnings | (36.52 M) | ||||
| Working Capital | 17.3 M | ||||
| Net Asset | 76.47 M |
About Tinka Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tinka Resources Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tinka Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tinka Resources Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Tinka Stock Analysis
When running Tinka Resources' price analysis, check to measure Tinka Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tinka Resources is operating at the current time. Most of Tinka Resources' value examination focuses on studying past and present price action to predict the probability of Tinka Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tinka Resources' price. Additionally, you may evaluate how the addition of Tinka Resources to your portfolios can decrease your overall portfolio volatility.