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. Corsa Coal's annualized net income for the quarter that ended in Dec. 2023 was $-23.2 Mil. Corsa Coal's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $88.4 Mil. Therefore, Corsa Coal's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was -26.23%.
The historical rank and industry rank for Corsa Coal's Return-on-Tangible-Equity or its related term are showing as below:
CRSXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -165.8 Med: -16.54 Max: 112.72
Current: 31.51
During the past 13 years, Corsa Coal's highest Return-on-Tangible-Equity was 112.72%. The lowest was -165.80%. And the median was -16.54%.
CRSXF's Return-on-Tangible-Equity is ranked better than 93.14% of 612
companies
in the Steel industry
Industry Median: 6.605
vs CRSXF: 31.51
Corsa Coal Return-on-Tangible-Equity Historical Data
The historical data trend for Corsa Coal'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 Corsa Coal's Return-on-Tangible-Equity
For the Coking Coal subindustry, Corsa Coal'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.
Corsa Coal's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Corsa Coal's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Corsa Coal's Return-on-Tangible-Equity falls into.
Corsa Coal Return-on-Tangible-Equity Calculation
Corsa Coal'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.
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.
Corsa Coal Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Corsa Coal's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments.
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