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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Return-on-Tangible-Asset : 13.69% (As of Dec. 2023)


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What is PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Asset?

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. PJSC Mining & Metallurgical Co Norilsk Nickel's annualized Net Income for the quarter that ended in Dec. 2023 was €2,901 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's average total tangible assets for the quarter that ended in Dec. 2023 was €21,201 Mil. Therefore, PJSC Mining & Metallurgical Co Norilsk Nickel's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 13.69%.

The historical rank and industry rank for PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Asset or its related term are showing as below:

WBO:MNOD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.31   Med: 17.44   Max: 31.96
Current: 11.31

During the past 13 years, PJSC Mining & Metallurgical Co Norilsk Nickel's highest Return-on-Tangible-Asset was 31.96%. The lowest was 11.31%. And the median was 17.44%.

WBO:MNOD's Return-on-Tangible-Asset is ranked better than
95.68% of 2711 companies
in the Metals & Mining industry
Industry Median: -15.25 vs WBO:MNOD: 11.31

PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Asset Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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.

* Premium members only.

PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Asset Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.02 15.92 30.97 23.12 9.62

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Return-on-Tangible-Asset Get a 7-Day Free Trial 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 24.27 38.32 3.34 6.57 13.69

Competitive Comparison of PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Asset

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.


PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Asset falls into.



PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Asset Calculation

PJSC Mining & Metallurgical Co Norilsk Nickel's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=2186.128/( (24065.392+21404.614)/ 2 )
=2186.128/22735.003
=9.62 %

PJSC Mining & Metallurgical Co Norilsk Nickel's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=2901.388/( (20997.327+21404.614)/ 2 )
=2901.388/21200.9705
=13.69 %

* 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. 2023) net income data.


PJSC Mining & Metallurgical Co Norilsk Nickel  (WBO:MNOD) 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.


PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Business Description

Traded in Other Exchanges
Address
15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Headlines

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