Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Teck Resources's annualized net income for the quarter that ended in Dec. 2023 was $1,440 Mil. Teck Resources's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $19,088 Mil. Therefore, Teck Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 7.54%.
The historical rank and industry rank for Teck Resources's Return-on-Tangible-Equity or its related term are showing as below:
TECK'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.45 Med: 8.11 Max: 15.39
Current: 9.57
During the past 13 years, Teck Resources's highest Return-on-Tangible-Equity was 15.39%. The lowest was -15.45%. And the median was 8.11%.
TECK's Return-on-Tangible-Equity is ranked better than 88.39% of 2471
companies
in the Metals & Mining industry
Industry Median: -16.39
vs TECK: 9.57
Teck Resources Return-on-Tangible-Equity Historical Data
The historical data trend for Teck Resources's Return-on-Tangible-Equity 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.
Competitive Comparison of Teck Resources's Return-on-Tangible-Equity
For the Other Industrial Metals & Mining subindustry, Teck Resources'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.
Teck Resources's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Teck Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Teck Resources's Return-on-Tangible-Equity falls into.
* 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
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.
Teck Resources Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Teck Resources's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Teck Resources (Teck Resources) Business Description
Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.
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