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. Magnit PJSC's annualized net income for the quarter that ended in Jun. 2023 was ₽68,032 Mil. Magnit PJSC's average shareholder tangible equity for the quarter that ended in Jun. 2023 was ₽145,706 Mil. Therefore, Magnit PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2023 was 46.69%.
The historical rank and industry rank for Magnit PJSC's Return-on-Tangible-Equity or its related term are showing as below:
MIC:MGNT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.6 Med: 28.13 Max: 52.2
Current: 24.95
During the past 13 years, Magnit PJSC's highest Return-on-Tangible-Equity was 52.20%. The lowest was 5.60%. And the median was 28.13%.
MIC:MGNT's Return-on-Tangible-Equity is ranked better than 71.48% of 298
companies
in the Retail - Defensive industry
Industry Median: 12.17
vs MIC:MGNT: 24.95
Magnit PJSC Return-on-Tangible-Equity Historical Data
The historical data trend for Magnit PJSC'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 Magnit PJSC's Return-on-Tangible-Equity
For the Discount Stores subindustry, Magnit PJSC'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.
Magnit PJSC's Return-on-Tangible-Equity Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Magnit PJSC's Return-on-Tangible-Equity falls into.
Magnit PJSC Return-on-Tangible-Equity Calculation
Magnit PJSC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 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 two times the semi-annual (Jun. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Magnit PJSC (MIC:MGNT) 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.
Magnit PJSC Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Magnit PJSC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
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