Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Li-Cycle Holdings's annualized net income for the quarter that ended in Dec. 2024 was $-197.20 Mil. Li-Cycle Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2024 was $278.10 Mil. Therefore, Li-Cycle Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was -70.91%.
The historical rank and industry rank for Li-Cycle Holdings's Return-on-Tangible-Equity or its related term are showing as below:
LICYF's Return-on-Tangible-Equity is not ranked *
in the Waste Management industry.
Industry Median: 9.995 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Li-Cycle Holdings Return-on-Tangible-Equity Related Terms
Li-Cycle Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Li-Cycle Holdings'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.
LICYF vs SNRG, AQMS, SENR: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Li-Cycle Holdings'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.
Li-Cycle Holdings Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Li-Cycle Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Li-Cycle Holdings'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 four times the quarterly (Dec. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -70.91% mean?
Li-Cycle Holdings (LICYF) has a Return-on-Tangible-Equity of -70.91% as of Dec. 2024. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Li-Cycle Holdings and its competitors.
Is Li-Cycle Holdings' Return-on-Tangible-Equity too high?
Li-Cycle Holdings' current Return-on-Tangible-Equity is -70.91%. Overall, Li-Cycle Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Li-Cycle Holdings' Return-on-Tangible-Equity compare to SNRG and AQMS?
Li-Cycle Holdings' Return-on-Tangible-Equity of -70.91% can be compared against companies in the Waste Management industry. The industry median Return-on-Tangible-Equity is 10.00. 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-Equity for a Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 10.00, based on 224 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Li-Cycle Holdings and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Li-Cycle Holdings's current Return-on-Tangible-Equity is -70.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li-Cycle Holdings stock overvalued right now?
Li-Cycle Holdings (LICYF) has a current Return-on-Tangible-Equity of -70.91%. The current Return-on-Tangible-Equity is -70.91%. Li-Cycle Holdings' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Li-Cycle Holdings (LICYF), the current Return-on-Tangible-Equity is -70.91% as of Dec. 2024. 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.
Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and lithium-ion battery recycler. The company's proprietary process Spoke and Hub recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce black mass and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate, and nickel sulphate.
16GF Score
Get the complete analysis for LICYF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LICYF has been successfully added to your 
