As of June 20, 2025, Magellan Gold Corp (MAGE) reports a ROA (Return on Assets) of -762.94%.
ROA (Return on Assets) evaluates how effectively a company turns its assets into profits, showcasing resource utilization.
Historical Trend of Magellan Gold Corp's ROA (Return on Assets)
Over recent years, Magellan Gold Corp's ROA (Return on Assets) has shown a stable trend. The table below summarizes the historical values:
| Date | ROA (Return on Assets) |
|---|---|
| 2024-12-31 | -762.94% |
| 2023-12-31 | -1462.58% |
| 2022-12-31 | -780.00% |
| 2021-12-31 | -168.85% |
| 2020-12-31 | -331.25% |
This slight downward trend highlights how Magellan Gold Corp manages its efficiency in using assets to generate earnings over time.
Comparing Magellan Gold Corp's ROA (Return on Assets) to Peers
To better understand Magellan Gold Corp's position, it's useful to compare its ROA (Return on Assets) against industry peers. Below are selected comparisons:
| Company | ROA (Return on Assets) |
|---|---|
| Magellan Gold Corp (MAGE) | -762.94% |
| Tombstone Exploration Corp (TMBXF) | 73.40% |
| American Pacific Mining Corp (USGD.CN) | 6.60% |
| Grand China Energy Group Ltd (SGBH) | 2.39% |
| Green Leaf Innovations Inc (GRLF) | -3.75% |
| Mich Resources Ltd (MICH.CN) | -7.07% |
Compared to its competitors, Magellan Gold Corp's ROA (Return on Assets) is among the lowest compared to peers, suggesting potential inefficiency in asset utilization.