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. Royal Gold's annualized net income for the quarter that ended in Sep. 2024 was $385.0 Mil. Royal Gold's average shareholder tangible equity for the quarter that ended in Sep. 2024 was $3,003.8 Mil. Therefore, Royal Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2024 was 12.82%.
The historical rank and industry rank for Royal Gold's Return-on-Tangible-Equity or its related term are showing as below:
RGLD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.17 Med: 4.47 Max: 12.7
Current: 9.8
During the past 13 years, Royal Gold's highest Return-on-Tangible-Equity was 12.70%. The lowest was -5.17%. And the median was 4.47%.
RGLD's Return-on-Tangible-Equity is ranked better than 88.27% of 2404
companies
in the Metals & Mining industry
Industry Median: -17.26
vs RGLD: 9.80
Royal Gold Return-on-Tangible-Equity Historical Data
The historical data trend for Royal Gold'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 Royal Gold's Return-on-Tangible-Equity
For the Gold subindustry, Royal Gold'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.
Royal Gold's Return-on-Tangible-Equity Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Royal Gold's Return-on-Tangible-Equity falls into.
Royal Gold Return-on-Tangible-Equity Calculation
Royal Gold'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 (Sep. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Royal Gold (NAS:RGLD) 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.
Royal Gold Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Royal Gold's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
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