What is BlueScope Steel 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. BlueScope Steel's annualized net income for the quarter that ended in Dec. 2023 was A$879 Mil. BlueScope Steel's average shareholder tangible equity for the quarter that ended in Dec. 2023 was A$7,885 Mil. Therefore, BlueScope Steel's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 11.14%.
The historical rank and industry rank for BlueScope Steel's Return-on-Tangible-Equity or its related term are showing as below:
ASX:BSL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.29 Med: 16.99 Max: 42.44
Current: 10.93
During the past 13 years, BlueScope Steel's highest Return-on-Tangible-Equity was 42.44%. The lowest was -2.29%. And the median was 16.99%.
ASX:BSL's Return-on-Tangible-Equity is ranked better than 65.79% of 611
companies
in the Steel industry
Industry Median: 6.59
vs ASX:BSL: 10.93
BlueScope Steel Return-on-Tangible-Equity Historical Data
The historical data trend for BlueScope Steel'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 BlueScope Steel's Return-on-Tangible-Equity
For the Steel subindustry, BlueScope Steel'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.
BlueScope Steel's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, BlueScope Steel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BlueScope Steel's Return-on-Tangible-Equity 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-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 two times the semi-annual (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.
BlueScope Steel Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of BlueScope Steel's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.
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