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GMBXF (Grupo MexicoB de CV) Return-on-Tangible-Equity : 19.77% (As of Sep. 2024)


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What is Grupo MexicoB de CV 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. Grupo MexicoB de CV's annualized net income for the quarter that ended in Sep. 2024 was $3,280 Mil. Grupo MexicoB de CV's average shareholder tangible equity for the quarter that ended in Sep. 2024 was $16,590 Mil. Therefore, Grupo MexicoB de CV's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 19.77%.

The historical rank and industry rank for Grupo MexicoB de CV's Return-on-Tangible-Equity or its related term are showing as below:

GMBXF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.34   Med: 20.52   Max: 32.41
Current: 16.66

During the past 13 years, Grupo MexicoB de CV's highest Return-on-Tangible-Equity was 32.41%. The lowest was 12.34%. And the median was 20.52%.

GMBXF's Return-on-Tangible-Equity is ranked better than
92.34% of 2403 companies
in the Metals & Mining industry
Industry Median: -17.24 vs GMBXF: 16.66

Grupo MexicoB de CV Return-on-Tangible-Equity Historical Data

The historical data trend for Grupo MexicoB de CV'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.

Grupo MexicoB de CV Return-on-Tangible-Equity Chart

Grupo MexicoB de CV 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 20.96 20.18 31.70 22.96 22.71

Grupo MexicoB de CV Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 18.32 19.02 23.58 4.50 19.77

Competitive Comparison of Grupo MexicoB de CV's Return-on-Tangible-Equity

For the Other Industrial Metals & Mining subindustry, Grupo MexicoB de CV'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.


Grupo MexicoB de CV's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grupo MexicoB de CV's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Grupo MexicoB de CV's Return-on-Tangible-Equity falls into.



Grupo MexicoB de CV Return-on-Tangible-Equity Calculation

Grupo MexicoB de CV'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 )
=3374.631/( (14238.695+15478.88 )/ 2 )
=3374.631/14858.7875
=22.71 %

Grupo MexicoB de CV's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=3280.284/( (16583.985+16595.086)/ 2 )
=3280.284/16589.5355
=19.77 %

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


Grupo MexicoB de CV  (OTCPK:GMBXF) 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.


Grupo MexicoB de CV Return-on-Tangible-Equity Related Terms

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Grupo MexicoB de CV Business Description

Traded in Other Exchanges
Address
Campos Eliieos No. 400, Col. lomas de chapultepec, Mexico, DF, MEX, C.P. 11000
Grupo Mexico SAB de CV is a holding company that operates in the mining-metallurgic industry, the exploration, exploitation, and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The majority of the group's revenue is generated by the mining division, through its subsidiary AMC. The company has 14 mines and exploration projects in Mexico, Peru, the United States of America, Chile, Ecuador, and Argentina, and its products include copper, molybdenum, silver, zinc, gold, and lead. The company also has a transportation division comprised of three large railroad companies through its subsidiary FM Rail Holding. Together, they form the largest railroad operator in Mexico, both in terms of coverage and fleet size.

Grupo MexicoB de CV Headlines