What is United States Lime & Minerals 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 Lime & Minerals's annualized net income for the quarter that ended in Dec. 2023 was $68.0 Mil. United States Lime & Minerals's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $385.4 Mil. Therefore, United States Lime & Minerals's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 17.65%.
The historical rank and industry rank for United States Lime & Minerals's Return-on-Tangible-Equity or its related term are showing as below:
USLM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.02 Med: 12.78 Max: 20.88
Current: 20.86
During the past 13 years, United States Lime & Minerals's highest Return-on-Tangible-Equity was 20.88%. The lowest was 8.02%. And the median was 12.78%.
USLM's Return-on-Tangible-Equity is ranked better than 85.07% of 375
companies
in the Building Materials industry
Industry Median: 6.94
vs USLM: 20.86
United States Lime & Minerals Return-on-Tangible-Equity 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.
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United States Lime & Minerals Return-on-Tangible-Equity Chart
Competitive Comparison of United States Lime & Minerals's Return-on-Tangible-Equity
For the Building Materials subindustry, United States Lime & Minerals'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 Lime & Minerals's Return-on-Tangible-Equity Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, United States Lime & Minerals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where United States Lime & Minerals's Return-on-Tangible-Equity falls into.
United States Lime & Minerals Return-on-Tangible-Equity Calculation
United States Lime & Minerals'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 Lime & Minerals (NAS:USLM) 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 Lime & Minerals Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of United States Lime & Minerals's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
United States Lime & Minerals (United States Lime & Minerals) Business Description
United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime, and lime slurry. It supplies primarily to the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), oil and gas services, roof shingle manufacturers and agriculture (including poultry and cattle feed producers) industries. The company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas.
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