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. Severstal PAO's annualized net income for the quarter that ended in Dec. 2023 was ₽0 Mil. Severstal PAO's average shareholder tangible equity for the quarter that ended in Dec. 2023 was ₽552,910 Mil. Therefore, Severstal PAO's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Severstal PAO's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Severstal PAO's highest Return-on-Tangible-Equity was 126.20%. The lowest was -49.72%. And the median was 41.38%.
MIC:CHMF's Return-on-Tangible-Equity is not ranked *
in the Steel industry.
Industry Median: 6.62 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Severstal PAO Return-on-Tangible-Equity Historical Data
The historical data trend for Severstal PAO'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 Severstal PAO's Return-on-Tangible-Equity
For the Steel subindustry, Severstal PAO'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.
Severstal PAO's Return-on-Tangible-Equity Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Severstal PAO's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Severstal PAO's Return-on-Tangible-Equity falls into.
Severstal PAO Return-on-Tangible-Equity Calculation
Severstal PAO's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Severstal PAO (MIC:CHMF) 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.
Severstal PAO Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Severstal PAO's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Severstal PAO is a vertically integrated steel and mining company in Russia. The company has two operating divisions: Severstal Resources and Severstal Russian Steel. Its core asset is the Cherepovets steel mill, which is located within easy access of the company's mining operations, the Baltic ports, and Russia's industrial heartland. The company produces iron ore pellets, iron ore concentrates, crushed stones, ferrite strontium powder, coking & steam coal, and coking coal concentrate. These materials are provided to six industry categories: construction and service processing, tube and pipe, oil and gas, machinery, autos, and others. Construction and service processing accounts for a majority of sales. Severstal generates most of its revenue in Russia.
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