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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. Novolipetsk Steel PJSC's annualizedNet Income for the quarter that ended in Dec. 2021 was ₽378,547 Mil. Novolipetsk Steel PJSC's average total tangible assets for the quarter that ended in Dec. 2021 was ₽867,407 Mil. Therefore, Novolipetsk Steel PJSC's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2021 was 43.64%.
The historical rank and industry rank for Novolipetsk Steel PJSC's Return-on-Tangible-Asset or its related term are showing as below:
MIC:NLMK's Return-on-Tangible-Asset is not ranked *
in the Steel industry.
Industry Median: 2.035 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
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 companys 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 companys 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.
Novolipetsk Steel PJSC Return-on-Tangible-Asset Related Terms
Novolipetsk Steel PJSC Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Novolipetsk Steel PJSC's Return-on-Tangible-Asset 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.
MIC:NLMK vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Novolipetsk Steel PJSC's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Novolipetsk Steel PJSC Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Novolipetsk Steel PJSC's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Novolipetsk Steel PJSC's Return-on-Tangible-Asset falls into.
* 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 four times the quarterly (Dec. 2021) net income data.
What does a Return-on-Tangible-Asset of 43.64% mean?
Novolipetsk Steel PJSC (MIC:NLMK) has a Return-on-Tangible-Asset of 43.64% as of Dec. 2021. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Novolipetsk Steel PJSC and its competitors.
Is Novolipetsk Steel PJSC's Return-on-Tangible-Asset too high?
Novolipetsk Steel PJSC's current Return-on-Tangible-Asset is 43.64%. The Steel industry median Return-on-Tangible-Asset is 2.04. Novolipetsk Steel PJSC's value of 43.64% is 2044.5% above this industry median. Overall, Novolipetsk Steel PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Novolipetsk Steel PJSC's Return-on-Tangible-Asset compare to NUE and STLD?
Novolipetsk Steel PJSC's Return-on-Tangible-Asset of 43.64% can be compared against companies in the Steel industry. The industry median Return-on-Tangible-Asset is 2.04. Novolipetsk Steel PJSC's value of 43.64% is 2044.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.04, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novolipetsk Steel PJSC's current Return-on-Tangible-Asset of 43.64% is 2044.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Novolipetsk Steel PJSC and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novolipetsk Steel PJSC's current Return-on-Tangible-Asset is 43.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novolipetsk Steel PJSC stock overvalued right now?
Novolipetsk Steel PJSC (MIC:NLMK) has a current Return-on-Tangible-Asset of 43.64%. The current Return-on-Tangible-Asset is 43.64% and 2044.5% above the Steel industry median of 2.04. Novolipetsk Steel PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Novolipetsk Steel PJSC (MIC:NLMK), the current Return-on-Tangible-Asset is 43.64% as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.
17GF Score
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