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Gold Fields Return-on-Tangible-Asset

: 15.94% (As of Dec. 2020)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Gold Fields's annualized Net Income for the quarter that ended in Dec. 2020 was $1,135 Mil. Gold Fields's average total tangible assets for the quarter that ended in Dec. 2020 was $7,122 Mil. Therefore, Gold Fields's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 was 15.94%.

NYSE:GFI' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.9   Med: 1.41   Max: 10.7
Current: 10.36

-5.9
10.7

During the past 13 years, Gold Fields's highest Return-on-Tangible-Asset was 10.70%. The lowest was -5.90%. And the median was 1.41%.

NYSE:GFI's Return-on-Tangible-Asset is ranked higher than
91% of the 2407 Companies
in the Metals & Mining industry.

( Industry Median: -14.30 vs. NYSE:GFI: 10.36 )

Gold Fields Return-on-Tangible-Asset Historical Data

* 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.

* Premium members only.

Gold Fields Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.73 -0.30 -5.64 2.59 10.30

Gold Fields Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 2.27 2.79 4.67 15.94

Competitive Comparison
* 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.


Gold Fields Return-on-Tangible-Asset Distribution

* The bar in red indicates where Gold Fields's Return-on-Tangible-Asset falls into.



Gold Fields Return-on-Tangible-Asset Calculation

Gold Fields's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=723/( (6561.3+7472.8)/ 2 )
=723/7017.05
=10.30 %

Gold Fields's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2020 )  (Q: Jun. 2020 )(Q: Dec. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2020 )  (Q: Jun. 2020 )(Q: Dec. 2020 )
=1135/( (6771.9+7472.8)/ 2 )
=1135/7122.35
=15.94 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Dec. 2020) net income data.


Gold Fields  (NYSE:GFI) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Gold Fields Return-on-Tangible-Asset Related Terms


Gold Fields Return-on-Tangible-Asset Headlines

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