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GURUFOCUS.COM > STOCK LIST > Basic Materials > Metals & Mining > Gold Fields Ltd (NYSE:GFI) > Definitions > Return-on-Tangible-Equity
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Gold Fields Return-on-Tangible-Equity

: 20.39% (As of Dec. 2021)
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Return-on-Tangible-Equity is calculated as Net Income attributable to Common Stockholders divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Gold Fields's annualized net income attributable to common stockholders for the quarter that ended in Dec. 2021 was $804 Mil. Gold Fields's average shareholder tangible equity for the quarter that ended in Dec. 2021 was $3,941 Mil. Therefore, Gold Fields's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2021 was 20.39%.

The historical rank and industry rank for Gold Fields's Return-on-Tangible-Equity or its related term are showing as below:

GFI' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.61   Med: 3.22   Max: 22.76
Current: 20.53

During the past 13 years, Gold Fields's highest Return-on-Tangible-Equity was 22.76%. The lowest was -12.61%. And the median was 3.22%.

GFI's Return-on-Tangible-Equity is ranked better than
89.06% of 2358 companies
in the Metals & Mining industry
Industry Median: -13.88 vs GFI: 20.53

Gold Fields Return-on-Tangible-Equity Historical Data

The historical data trend for Gold Fields'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.

* Premium members only.

Gold Fields Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.63 -12.04 6.03 22.45 20.66

Gold Fields Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
Return-on-Tangible-Equity 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 6.65 11.08 34.93 20.47 20.39

Competitive Comparison

For the Gold subindustry, Gold Fields'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.

   

Gold Fields Return-on-Tangible-Equity Distribution

For the Metals & Mining industry and Basic Materials sector, Gold Fields's Return-on-Tangible-Equity distribution charts can be found below:

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



Gold Fields Return-on-Tangible-Equity Calculation

Gold Fields's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=789.3/( (3664.5+3977.8 )/ 2 )
=789.3/3821.15
=20.66 %

Gold Fields's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2021 is calculated as

Return-on-Tangible-Equity=Net Income attributable to Common Stockholders/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2021 )  (Q: Jun. 2021 )(Q: Dec. 2021 )
=Net Income attributable to Common Stockholders/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2021 )  (Q: Jun. 2021 )(Q: Dec. 2021 )
=803.8/( (3904.6+3977.8)/ 2 )
=803.8/3941.2
=20.39 %

* 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 attributable to common stockholders 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 attributable to common stockholders data used here is two times the semi-annual (Dec. 2021) net income attributable to common stockholders data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Gold Fields  (NYSE:GFI) 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 attributable to common stockholders 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.


Gold Fields Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Gold Fields's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Gold Fields Business Description

Gold Fields logo
Industry
Basic Materials » Metals & Mining NAICS : 212221 SIC : 0
Address
150 Helen Road, Sandown, Sandton, ZAF, 2196
Gold Fields Ltd is a globally diversified gold miner and producer with eight operating mines in Australia, Ghana, Peru, and South Africa. The majority of group revenue is generated in the Australian mines, largely the St Ives and Granny Smith sites, with Ghana the second- largest contributor of revenue. The company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing, and smelting. In Peru, the company also produces copper, and it has other precious metal exploration interests in Africa, Eurasia, Australasia, and the Americas.

Gold Fields Headlines

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