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G J Steel PCL (BKK:GJS) Return-on-Tangible-Equity : -7.09% (As of Jun. 2024)


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What is G J Steel PCL 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. G J Steel PCL's annualized net income for the quarter that ended in Jun. 2024 was ฿-853 Mil. G J Steel PCL's average shareholder tangible equity for the quarter that ended in Jun. 2024 was ฿12,034 Mil. Therefore, G J Steel PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was -7.09%.

The historical rank and industry rank for G J Steel PCL's Return-on-Tangible-Equity or its related term are showing as below:

BKK:GJS' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.98   Med: -4.31   Max: 22.31
Current: -3.32

During the past 13 years, G J Steel PCL's highest Return-on-Tangible-Equity was 22.31%. The lowest was -21.98%. And the median was -4.31%.

BKK:GJS's Return-on-Tangible-Equity is ranked worse than
80.77% of 624 companies
in the Steel industry
Industry Median: 5.405 vs BKK:GJS: -3.32

G J Steel PCL Return-on-Tangible-Equity Historical Data

The historical data trend for G J Steel PCL'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.

G J Steel PCL Return-on-Tangible-Equity Chart

G J Steel PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.21 -4.67 22.31 -21.98 -3.95

G J Steel PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Return-on-Tangible-Equity 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 -10.23 -0.51 -4.03 -1.72 -7.09

Competitive Comparison of G J Steel PCL's Return-on-Tangible-Equity

For the Steel subindustry, G J Steel PCL'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.


G J Steel PCL's Return-on-Tangible-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, G J Steel PCL's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where G J Steel PCL's Return-on-Tangible-Equity falls into.



G J Steel PCL Return-on-Tangible-Equity Calculation

G J Steel PCL's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=-491.684/( (12698.051+12192.687 )/ 2 )
=-491.684/12445.369
=-3.95 %

G J Steel PCL's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-853.232/( (12140.497+11927.388)/ 2 )
=-853.232/12033.9425
=-7.09 %

* 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 (Jun. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


G J Steel PCL  (BKK:GJS) 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.


G J Steel PCL Return-on-Tangible-Equity Related Terms

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


G J Steel PCL Business Description

Industry
Traded in Other Exchanges
N/A
Address
Silom Road, Suriyawong, 88 Paso Tower, 24th Floor, Bangrak, Bangkok, THA, 10500
G J Steel PCL is engaged in the manufacturing and distribution of hot rolled coil steel products. Its main products are hot-rolled coils (HRC) and tempered hot-rolled coils. The company distributes its products which are further used as a raw material to produce various products like, automotive parts, gas cylinder, pressure vessel, home appliance, and pipes. Majority of its revenue comes from Thailand market, but the firm also has its presence in South East Asia.

G J Steel PCL Headlines