What is United States Steel Return-on-Tangible-Equity?
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. United States Steel's annualized net income for the quarter that ended in Dec. 2023 was $-320 Mil. United States Steel's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $9,702 Mil. Therefore, United States Steel's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -3.30%.
The historical rank and industry rank for United States Steel's Return-on-Tangible-Equity or its related term are showing as below:
X'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -56.28 Med: 6.32 Max: 74.38
Current: 9.61
During the past 13 years, United States Steel's highest Return-on-Tangible-Equity was 74.38%. The lowest was -56.28%. And the median was 6.32%.
X's Return-on-Tangible-Equity is ranked better than 60.46% of 612
companies
in the Steel industry
Industry Median: 6.605
vs X: 9.61
United States Steel Return-on-Tangible-Equity Historical Data
The historical data trend for United States Steel'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.
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United States Steel Return-on-Tangible-Equity Chart
Competitive Comparison of United States Steel's Return-on-Tangible-Equity
For the Steel subindustry, United States Steel'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.
United States Steel's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, United States Steel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where United States Steel's Return-on-Tangible-Equity falls into.
United States Steel Return-on-Tangible-Equity Calculation
United States Steel's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 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 (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
United States Steel (NYSE:X) 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.
United States Steel Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of United States Steel's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
United States Steel (United States Steel) Business Description
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
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