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MIC:GMKN's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -16.4 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) 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.
PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Equity Related Terms
PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Equity Historical Data
* 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.
PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Equity Chart
PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.
PJSC Mining & Metallurgical Co Norilsk Nickel Return-on-Tangible-Equity vs Metals & Mining Industry
* 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.
What does a Return-on-Tangible-Equity of 53.83% mean?
PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) has a Return-on-Tangible-Equity of 53.83% as of Dec. 2023. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PJSC Mining & Metallurgical Co Norilsk Nickel and its competitors.
Is PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Equity too high?
PJSC Mining & Metallurgical Co Norilsk Nickel's current Return-on-Tangible-Equity is 53.83%. Overall, PJSC Mining & Metallurgical Co Norilsk Nickel has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Equity compare to competitors?
PJSC Mining & Metallurgical Co Norilsk Nickel's Return-on-Tangible-Equity of 53.83% can be compared against companies in the Metals & Mining industry. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. 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 PJSC Mining & Metallurgical Co Norilsk Nickel and its competitors. PJSC Mining & Metallurgical Co Norilsk Nickel's current Return-on-Tangible-Equity is 53.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Mining & Metallurgical Co Norilsk Nickel stock overvalued right now?
PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) has a current Return-on-Tangible-Equity of 53.83%. The current Return-on-Tangible-Equity is 53.83%. PJSC Mining & Metallurgical Co Norilsk Nickel's overall GF Score™ is 17/100. 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 PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN), the current Return-on-Tangible-Equity is 53.83% as of Dec. 2023. 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.
PJSC Mining & Metallurgical Co Norilsk Nickel Business Description
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.
17GF Score
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